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Rapala VMC Corp (RAP1V.HE)

RAP1V.HE on Helsinki Stock Exchange

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Thu, Sep 1 2016

BRIEF-Rapala and Shimano agree new distribution strategy for dynamite fishing baits in UK

* Rapala VMC Corporation (Rapala) and Shimano Europe Fishing B.V (Shimano) agree new distribution strategy for dynamite fishing baits in the UK

BRIEF-Rapala VMC appoints Jussi Ristimäki as President and CEO

* Jussi Ristimäki has been appointed as President and Chief Executive Officer

BRIEF-Rapala H1 operating profit down 18 pct at EUR 14.2 million

* Q2 net sales 73.4 million euros versus 80.1 million euros year ago

BRIEF-Rapala VMC updates 2016 outlook

* Rapala VMC Corporation has updated its full year outlook for 2016

BRIEF-Rapala VMC Q1 net sales down 6 pct, FY outlook unchanged

* Q1 net sales were 69.7 million euros ($79.08 million), down 6 pct from previous year when it was 73.9 million euros

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