The Group’s first quarter net sales amounted to EUR 1,325 (1,387) million, a decrease of 4.5% compared to the same period last year. Net sales were impacted by the weakening of Norwegian, Swedish and Polish currencies.
The Group’s operating profit in February–April was EUR 30 (34) million, down 11.9% from the same period in the previous year driven by weakening currencies and one-time other income included in last year’s profits. The ordinary profit before taxes was EUR 25 (31) million, down 19.1%, and the profit margin was 1.9 (2.3)% due to above mentioned reasons and increased financing costs. The net profit for the period February–April was EUR 18 (23) million.
