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Rapala VMC Corp (RAP1V.HE)

RAP1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Rapala VMC keeps ‍full year guidance unchanged​
Friday, 27 Oct 2017 03:00am EDT 

Oct 27 (Reuters) - RAPALA VMC CORP ::‍FULL YEAR (FY) GUIDANCE UNCHANGED​.9 MONTH ‍NET SALES WERE 201.4 MEUR, DOWN 1% FROM PREVIOUS YEAR (202.5)​.  Full Article

Rapala considers issuance of a hybrid bond
Friday, 19 May 2017 03:00am EDT 

May 19 (Reuters) - RAPALA VMC CORP ::REG-RAPALA VMC CORPORATION CONSIDERS ISSUANCE OF A HYBRID BOND.TARGETED SIZE OF ISSUE IS APPROXIMATELY EUR 25 MILLION.POTENTIAL ISSUE IS EXPECTED TO BE LAUNCHED IN NEAR FUTURE SUBJECT TO MARKET CONDITIONS.HYBRID BOND ISSUE WOULD STRENGTHEN COMPANY'S CAPITAL STRUCTURE AND FINANCIAL POSITION..  Full Article

Rapala VMC Corp Q1 net sales flat at EUR 69.5 million
Friday, 28 Apr 2017 02:01am EDT 

April 28 (Reuters) - RAPALA VMC CORP :Q1 NET SALES WERE 69.5 MEUR, AT LAST YEAR'S LEVEL (69.7).FULL YEAR OUTLOOK HAS BECOME MORE RESERVED DUE TO RECENT DEVELOPMENTS IN US.RAPALA VMC CORP - FULL IMPACT OF DEVELOPMENTIN THE US IS DIFFICULT TO PREDICT, BUT IT IS LIKELY TO HAVE NEGATIVE IMPACT ON GROUP'S SALES AND PROFITABILITY BOTH AT DISTRIBUTION AND MANUFACTURING LEVEL IN 2017.GROUP'S 2017 FULL YEAR OUTLOOK HAS BEEN UPDATED.FULL YEAR NET SALES ARE NOW EXPECTED TO BE ABOVE LAST YEAR'S LEVEL.SEES 2017 COMPARABLE OPERATING PROFIT BELOW LAST YEAR'S LEVEL.  Full Article

Rapala says codetermination negotiations completed
Thursday, 6 Apr 2017 04:00am EDT 

RAPALA VMC CORP : REG-RAPALA VMC CORPORATION: CODETERMINATION NEGOTIATIONS COMPLETED. . TOTAL NUMBER OF EMPLOYEES AFFECTED BY CODETERMINATION NEGOTIATIONS IS 50 OF WHICH FIVE ARE COVERED WITH PENSION ARRANGEMENTS. . PLANNED REORGANIZATION OF PRODUCTION COULD MEAN MAXIMUM OF 10 EMPLOYEES REDUCTION IN ROVANIEMI. . ORIGINALLY ESTIMATED AMOUNT WAS APPROXIMATELY 45-53 EMPLOYEES IN RAPALA VMC OYJ IN FINLAND . NON-RECURRING COSTS RELATED TO ANY PERSONAL REDUCTIONS, WHICH ARE RECORDED IN YEAR 2017, ARE ESTIMATED TO BE ABOUT 0.2 MEUR. . AIM OF PLANNED FINNISH RESTRUCTURINGS IS TO HAVE ABOUT 1.5 MEUR ANNUAL SAVINGS WHICH WILL BE REALIZED ON 2018 .NON-RECURRING COSTS RELATED TO ANY PERSONAL REDUCTIONS, WHICH ARE RECORDED IN 2017, ARE ESTIMATED TO BE ABOUT 0.2 MEUR..  Full Article

Rapala VMC sees increased net sales in FY 2017
Thursday, 16 Feb 2017 02:00am EST 

Rapala VMC Corp : 2017 full year net sales are expected to be above last year level and comparable operating profit in same range as in 2016 . H2 net sales 117.5 million euros ($124.60 million) versus 124.2 million euros year ago . H2 comp. operating profit 3.2 million euros versus 4.8 million euros year ago .Dividend proposal 0.10 euro (0.15 euro) per share that is distributed in two equal installments..  Full Article

Rapala VMC sees 2016 net sales at about EUR 260 mln, down 6 pct
Friday, 20 Jan 2017 06:00am EST 

Rapala Vmc Corp : Says 2016 full year net sales will be about 260 million euros ($276.54 million) versus 278.2 million euros year ago . 2016 comparable operating profit ex-items will be about 18-20 million euros versus 25.3 million euros .Will book about 9 million euros provisions on its inventory values, which will have impact on 2016 operating profit and net result.  Full Article

Rapala and Shimano agree new distribution strategy for dynamite fishing baits in UK
Thursday, 1 Sep 2016 05:00am EDT 

Rapala Vmc Corp : Rapala VMC Corporation (Rapala) and Shimano Europe Fishing B.V (Shimano) agree new distribution strategy for dynamite fishing baits in the UK . UK distribution of Dynamite will come under control of Rapala and Dynamite Baits Ltd and Shimano will acquire back 50% of Shimano Normark UK Ltd from Rapala .Transaction will have no material impact on Rapala's financial result or financial position and have no impact outside of UK.  Full Article

Rapala VMC appoints Jussi Ristimäki as President and CEO
Friday, 22 Jul 2016 07:00am EDT 

Rapala VMC Corp : CEO Jorma Kasslin appointed as Executive Chairman of board .Jussi Ristimäki has been appointed as President and Chief Executive Officer.  Full Article

Rapala H1 operating profit down 18 pct at EUR 14.2 million
Friday, 22 Jul 2016 06:00am EDT 

Rapala VMC Corp : Q2 net sales 73.4 million euros versus 80.1 million euros year ago . H1 net sales 143.1 million euros, down 7 pct from previous year . H1 operating profit 14.2 million euros, down 18 pct . FY guidance unchanged from July 11: net sales and comparable operating profit to be below 2015 levels . Says slowdown in sales in western markets is considered to be temporary . Outlook for whole year is now more depressed than earlier .Says can't reach last year's results and it is difficult to accurately estimate future developments in these big markets.  Full Article

Rapala VMC updates 2016 outlook
Monday, 11 Jul 2016 09:00am EDT 

Rapala VMC Corporation : Rapala VMC Corporation has updated its full year outlook for 2016 .Full year net sales and comparable operating profit are now expected to be below 2015 levels, while previously they were expected to be above 2015 levels assuming comparable translation exchange rates.  Full Article

BRIEF-Rapala VMC keeps ‍full year guidance unchanged​

* 9 MONTH ‍NET SALES WERE 201.4 MEUR, DOWN 1% FROM PREVIOUS YEAR (202.5)​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)