{"id":1686,"date":"2015-10-16T12:04:00","date_gmt":"2015-10-16T10:04:00","guid":{"rendered":"https:\/\/www.profilgruppen.se\/mfn_news\/earnings-in-third-and-fourth-quarter-are-affected-with-one-time-costs\/"},"modified":"2015-10-16T12:04:00","modified_gmt":"2015-10-16T10:04:00","slug":"earnings-in-third-and-fourth-quarter-are-affected-with-one-time-costs","status":"publish","type":"mfn_news","link":"https:\/\/www.profilgruppen.se\/en\/pressmeddelanden\/earnings-in-third-and-fourth-quarter-are-affected-with-one-time-costs\/","title":{"rendered":"Earnings in third and fourth quarter are\u00a0affected with one-time costs"},"content":{"rendered":"
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.<\/p>\n

This means that the operating result for the third quarter expects to amount to approximately -3 MSEK.<\/p>\n

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.<\/p>\n

Interim report for the third quarter will be released October 23, 2015 at 08.00.<\/p>\n

ProfilGruppens CEO, Per Thorsell comments:<\/p>\n

”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.”<\/strong><\/div>\n

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.<\/p>\n

This means that the operating result for the third quarter expects to amount to approximately -3 MSEK.<\/p>\n

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.<\/p>\n

Interim report for the third quarter will be released October 23, 2015 at 08.00.<\/p>\n

ProfilGruppens CEO, Per Thorsell comments:<\/strong><\/p>\n

”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.”<\/em><\/p>\n

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_______________________________________________________ <\/span><\/p>\n

For more information, please contact:
<\/strong><\/span>Per Thorsell, CEO
<\/span>Mobile   <\/span> 46 (0)70-240 78 40<\/span>
<\/span>E-mail: per.thorsell@profilgruppen.se<\/a>                         <\/span><\/p>\n<\/div>\n

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Attachments<\/strong><\/p>\n

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Release<\/a><\/p>\n<\/div>\n