Rapala VMC Corporation has updated its full year outlook for 2014. Full year net sales and comparable operating profit (excluding non-recurring items and mark-to-market valuations of operative currency derivatives) are now expected to be below 2013 levels, while previously they were expected to be at 2013 levels assuming comparable translation exchange rates.

The Group's sales in second quarter developed positively in several European countries and pre-sales of ice fishing products for the coming winter season has been good. However this is not sufficient to offset the negative impacts of finalizing the transfer of production from China to Batam, lower sales in USA and Finland and negative development of currency exchange rates, which together with other uncertainties is impacting the business negatively especially in Russia and Ukraine.

Second quarter interim report will be published on July 21.

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