Rias A/S
Interim Report RIAS A/S

Rias A/S 

13.08.2013 08:09

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Interim Report RIAS A/S

Roskilde, 2013-08-13 08:09 CEST (GLOBE NEWSWIRE) -- Following a weak 1st half
year, third quarter of the accounting year has developed as expected. 

The great uncertainty from 1st half year has been replaced by a more positive
period. Although the development in prices is stable, the market is reflected
by a strong competition and compared to previous years it is still on a
continuous low level. 

We have seen a slightly higher activity level in the industry sector and
thereby seen an increasing sale of the industry products. The very cautious
purchase pattern of the 1st half year has been replaced by a more hopeful
attitude towards the future. This also leads to a more forward oriented
purchase pattern for our customers. The PMI index (Purchase Manager Index) for
the last couple of months confirms this positive trend in expectations. 

The B&C sector is finally showing positive sales trends after a long and hard
winter. Also the primary customers within the DIY and the wholesalers are
reporting of more positive development. One of the reasons for this might be
the new employment regulating initiatives from the Danish government but also a
small increase in private consumption, which also has a positive effect on
sales. 

According to the latest half year report, we were expecting reductions in
capacity costs. We are following the plan for this reduction however we still
expect that the extension of the exports and the direct costs in this
connection for a new SAP project, which will increase the IT costs for the
year, but within the planned budget. 

There is still high focus on the strategic projects for expanding the export
sales as well as the processing department and we are working very consequently
on executing planned activities. These actions will also contribute positively
to the development in 4th quarter. 

Based on above mentioned conditions RIAS A/S is maintaining the previously
announced level of performance for the financial year 2012/13 of DKK 1 - 4
million before tax. 



Yours faithfully

RIAS A/S



Henning Hess
News Source: NASDAQ OMX



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Language:     English
Company:      Rias A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010125848
WKN:          
 
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