Skaelskoer, 2012-04-12 12:16 CEST (GLOBE NEWSWIRE) --
CEO Bernhard Griese on the interim report:
“We obtained satisfactory growth in revenue and increasing volumes during the first three quarters of the year despite the negative impact of a cold and wet high season. We maintained our strong position in the large European drinks markets and ensured efficient utilisation of capacities.
We continue the intensive targeting of new markets in Asia, Africa and the Middle East. We see a continued attractive geographical potential for both traditional drinks and our new innovative malt extract products, which are at the centre of our development activities.
However, earnings are under pressure from marked increases in the prices of our primary raw materials and consumables, which cannot simply be added to selling prices. Consequently, we need to revise our outlook for the year as a whole for an EBITDA of DKK 140-150 million against a previous outlook of DKK 160-170 million and a profit before tax of DKK 50-60 million against a previous outlook of DKK 70-80 million.”
Bernhard Griese
CEO
