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Probi AB (PROB.ST)

PROB.ST on Stockholm Stock Exchange

366.00SEK
18 Sep 2020
Change (% chg)

2.00kr (+0.55%)
Prev Close
364.00kr
Open
364.00kr
Day's High
368.50kr
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357.50kr
Volume
3,475
Avg. Vol
4,242
52-wk High
412.50kr
52-wk Low
139.20kr

Latest Key Developments (Source: Significant Developments)

Probi Q3 Operating Profit Falls To SEK 26.7 Million
Friday, 25 Oct 2019 

Oct 25 (Reuters) - Probi AB ::Q3 2019: MANUFACTURING UPGRADE PROGRAM INITIATED DURING THE QUARTER.THIRD-QUARTER NET SALES AMOUNTED TO MSEK 142 (169).Q3 OPERATING PROFIT SEK 26.7 MILLION VERSUS SEK 37.9 MILLION YEAR AGO.  Full Article

Probi Ajusts FY Guidance Due To Weaker Market Growth In US
Tuesday, 8 Oct 2019 

Oct 8 (Reuters) - Probi AB ::WEAKER MARKET GROWTH IN US.HAVING EXPERIENCED FAVORABLE GROWTH OVER RECENT QUARTERS, PROBI HAD A WEAKER SALES DEVELOPMENT THAN EXPECTED IN Q3, LEADING TO AN ADJUSTED FULL-YEAR EXPECTATION.MAIN REASON FOR SLOWDOWN IS LOWER MARKET GROWTH IN US WHICH HAS REDUCED DEMAND.ACCORDING TO PRELIMINARY REPORTING, PROBI'S TOTAL NET SALES FOR FIRST NINE MONTHS OF 2019 ARE EXPECTED TO AMOUNT TO SEK 460 MILLION, AN INCREASE OF 4% (ADJUSTED FOR CURRENCY EFFECTS 0%) COMPARED WITH CORRESPONDING PERIOD LAST YEAR..NET SALES FOR FULL-YEAR 2019 IS EXPECTED TO BE IN LINE WITH PREVIOUS YEAR.DESPITE A GOOD START TO YEAR WITH CONTINUED GROWTH, PROBI CAN TODAY, BASED ON THIS INFORMATION, CONCLUDE THAT GOAL OF GROWING ORGANICALLY FASTER THAN GLOBAL MARKET IS UNLIKELY TO BE MET IN 2019.PROFITABILITY IS EXPECTED TO CONTINUE TO BE GOOD AND EBITDA MARGIN IS EXPECTED TO BE IN LINE WITH PREVIOUS QUARTERS..GOAL OF GROWING ORGANICALLY FASTER THAN GLOBAL MARKET IS UNLIKELY TO BE MET IN 2019.  Full Article

Probi Q2 Operating Profit Grows To SEK 39.1 Mln
Friday, 19 Jul 2019 

July 19 (Reuters) - Probi AB ::Q2 2019: FAVOURABLE GROWTH CONTINUES IN Q2.Q2 NET SALES SEK 180 MILLION VERSUS SEK 153 MILLION YEAR AGO.Q2 OPERATING PROFIT SEK 39.1 MILLION VERSUS SEK 28.2 MILLION YEAR AGO.  Full Article

Probi: Collaboration With FMCG Company Discontinues
Friday, 12 Apr 2019 

April 12 (Reuters) - Probi AB ::COLLABORATION AGREEMENT WITH FMCG COMPANY IN FUNCTIONAL FOOD DISCONTINUED.HAS BEEN INFORMED BY PARTNER, THAT THEY AFTER A STRATEGIC REVIEW OF PRODUCT, HAS DECIDED TO DISCONTINUE COLLABORATION AGREEMENT.TERMINATION OF AGREEMENT RESULTS IN REVISION OF CO'S SHORT-TERM GROWTH OUTLOOK FOR BUSINESS AREA FUNCTIONAL FOOD.IS WORKING ON PROJECTS WITH OTHER PARTNERS IN FUNCTIONAL FOOD.  Full Article

Probi Appoints Henrik Lundkvist As CFO
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Probi AB ::APPOINTS NEW CFO.HAS APPOINTED HENRIK LUNDKVIST AS CFO OF PROBI..HENRIK LUNDKVIST WILL START HIS ASSIGNMENT AT LATEST BY 7TH OF JANUARY, 2019..  Full Article

Probi Q3 Operating Profit Up At SEK 37.9 Mln; New CEO
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Probi AB ::Q3 2018: PROBI DELIVERS STRONG OPERATING PERFORMANCE AND APPOINTS NEW CEO.Q3 NET SALES INCREASE TO MSEK 169, UP 26% OR MSEK 35 QUARTER-ON-QUARTER.Q3 NET SALES SEK 168.8 MILLION VERSUS SEK 133.5 MILLION YEAR AGO.Q3 OPERATING PROFIT SEK 37.9 MILLION VERSUS SEK 16.6 MILLION YEAR AGO.APPOINTS TOM RÖNNLUND AS NEW CEO, STARTING END OF 2018.  Full Article