Earnings in third and fourth quarter are affected with one-time costs

2015-10-16 12:04


ProfilGruppen has commodity agreements with the customers, which under normal circumstances means that the price risk is limited. However, there is always a price risk regarding the inventory and due to recent substantial decline in raw material price for aluminum this has led to one-time costs of approximately 13 MSEK, partly attributable to impairments of inventory for the fourth quarter.
This means that the operating result for the third quarter expects to amount to approximately -3 MSEK.
The fourth quarter will be burdened with startup costs of approximately 4 MSEK, which is related to the new production facility for the customer agreement that was announced on April 10 this year.
Interim report for the third quarter will be released October 23, 2015 at 08.00.
ProfilGruppens CEO, Per Thorsell comments:
”The effect of the substantial decline in raw material is a temporary setback in the earnings trend, but we are at the same time pleased that the underlying business continues to develop in the right direction.”

ProfilGruppen has commodity agreements with the customers, which under normal circumstances means that the price risk is limited. However, there is always a price risk regarding the inventory and due to recent substantial decline in raw material price for aluminum this has led to one-time costs of approximately 13 MSEK, partly attributable to impairments of inventory for the fourth quarter.
This means that the operating result for the third quarter expects to amount to approximately -3 MSEK.
The fourth quarter will be affected with startup costs of approximately 4 MSEK, which is related to the new production facility for the customer agreement that was announced on April 10 this year.
Interim report for the third quarter will be released October 23, 2015 at 08.00.
ProfilGruppens CEO, Per Thorsell comments:
”The effect of the substantial decline in raw material is a temporary setback in the earnings trend, but we are at the same time pleased that the underlying business continues to develop in the right direction.”

_______________________________________________________
For more information, please contact:
Per Thorsell, CEO
Mobile   46 (0)70-240 78 40
E-mail: per.thorsell@profilgruppen.se