According to preliminary information on the company’s results, Lännen Tehtaat’s third-quarter operating profit, excluding non-recurring items, is expected to be clearly higher than the previous year, at about EUR 3.5-4.0 million (EUR 2.3 million in the comparison period).
The better-than-expected third-quarter operating profit is due to the excellent profit of the associated company Sucros in the Other Operations segment, which was affected by larger-than-normal sugar export deals. The segment’s operating profit is also improved by an income recognition from additional purchase price related to the acquisition of Caternet Finland Oy. Additional purchase price will not be realised in 2012.
The assessment of profit performance for the full year issued in connection with the January-June Interim Report on 15 August 2012 remains unchanged.
Lännen Tehtaat plc will publish its January-September Interim Report on 9 November 2012 at 8.30 am.
LÄNNEN TEHTAAT PLC
Matti Karppinen, CEO, tel. +358 (0)10 402 00
NASDAQ OMX Helsinki Ltd