Rapala VMC Corporation Affirms Earnings Guidance for 2021
July 15, 2021 at 10:00 am EDT
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Rapala VMC Corporation affirms earnings guidance for 2021. The company provided that short-term outlook unchanged from April 20, 2021: The Group expects 2021 full year comparable operating profit (excluding mark-to-market valuations of operative currency derivatives and other items affecting comparability) to increase significantly from the previous year.
Rapala VMC Corp is a Finland-based company engaged in the manufacture and distribution of fishing tackle products. The Companyâs activities are divided into three business segments: Group Fishing Products, providing fishing tackle products, such as Lures and Baits, Fishing Hooks, Fishing Lines and Fishing Accessories, which are manufactured and sourced by the Company under its brands; Other Group Products, including the Companyâs manufactured and branded products for winter sports, as well as for a range of non-fishing businesses; and Third Party Products, offering fishing products for hunting, outdoor and winter sports, which are not branded by the Company. Furthermore, It operates worldwide through a number of subsidiaries, such as Normark Sport Finland Oy, FLLC Normark, Dynamite Baits Ltd, Rapala France SAS and NC Holdings Inc.