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BRIEF-HKScan Q1 EBIT loss EUR 6.8 million, wider than expected
May 3, 2017 / 5:13 AM / 7 months ago

BRIEF-HKScan Q1 EBIT loss EUR 6.8 million, wider than expected

May 3 (Reuters) - HKSCAN OYJ

* HKSCAN OYJ - OUTLOOK FOR 2017 (UNCHANGED)

* Q1 NET SALES EUR 420.7 MILLION (REUTERS POLL: EUR 438 MILLION)

* HKSCAN OYJ - “ GROUP‘S Q1 RESULT REMAINED DISSATISFACTORY, WITH BOTH EBIT AND CASH FLOW IN DECLINE”

* Q1 EBIT LOSS EUR 6.8 MILLION (REUTERS POLL: LOSS EUR 4.9 MILLION)

* HKSCAN OYJ - CHANGES OF OPERATING MODEL WILL RESULT IN A HEADCOUNT REDUCTION OF 160 PERSONS

* HKSCAN OYJ - NEW OPERATING MODEL WILL BE IN PLACE ON 1 JUNE 2017 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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