Flügger Group A/S Reports Earnings Results for the First Quarter Ended July 31, 2018; Provides Earnings Guidance for the Fiscal Year 2018-19
primarily due to difficulties passing on the large price increases have seen for several key product ingredients to the company's sales prices.
The company provided earnings guidance for the fiscal year 2018-19. For the year, the company maintained its outlook, growth in net revenue of 0-2% and operating profit corresponding to an EBIT margin of 3-4%.