January 11, 2019
The Interim Report for the six month period ended 30 June 2018 (unaudited) published by AS Linda Nektar (‘The Company’) on August 16, 2018 provided the following revenue guidance for financial year 2018:
“With the outcome of the first half reflecting an operating environment which was more or less anticipated, management retains a revenue guidance target of 2.5m euros for the whole of 2018, albeit notes that at present some downside risk to this figure exists. Due to the ongoing shorter term fluctuations further guidance will only be forthcoming later in the second half of 2018.“
The latest information available to the Company indicates that unaudited revenue will come in at between 87-90% of the abovementioned guidance. Unaudited results for the 12 month period ended 31 December 2018 will be published in February 2019.
AS Linda Nektar is an Estonian-based beverage company with origins in the 1940s. The company is providing fermented beverages for the drinks industry focusing on unpacked fruit wines under a Business-to-Business model. The company’s production facility is located in a logistically favourable position relative to the Baltic and Northern European markets.
Extensive R&D efforts have led to breakthroughs in the field of aroma stripping and recovery and this, along with the planned geographical expansion, will be the key focal points in the coming years.
The shares of Linda Nektar are admitted to trading on Nasdaq Baltic First North Market.
The Certified Adviser for AS Linda Nektar is AS LHV Pank
Information prepared by:
AS Linda Nektar
Address: Kobela Borough, Antsla vald, 66407 Võrumaa, Estonia
Phone: +372 785 5768
AS Linda Nektar