Brief: Alleima Q3 EBIT Turns To Loss Of SEK 26 Mln

Alleima AB

17/10/2022 10:43

Oct 17 (Reuters) - Alleima AB  ALLEI.ST :
    * Q3 ORDER INTAKE INCREASED BY 10% TO SEK 3,869 MILLION (3,512) YEAR ON YEAR
    * Q3 REVENUES INCREASED BY 34% TO SEK 4,270 MILLION (3,197)
    * Q3 OPERATING PROFIT (EBIT) AMOUNTED TO SEK -26 MILLION (295)
    * METAL PRICE EFFECTS HAD A NEGATIVE IMPACT OF SEK -131 MILLION (190) IN THE QUARTER, MAINLY
DUE TO DECLINING NICKEL PRICES
    * DURING QUARTER, WE NOTED CONTINUED POSITIVE DEMAND IN MANY OF OUR CUSTOMER SEGMENTS, SUCH
AS
INDUSTRIAL HEATING, POWER GENERATION, TRANSPORTATION AND MEDICAL
    * THERE IS A HIGH LEVEL OF ACTIVITY IN SECTOR, BUT PROJECT AWARDS ARE BEING DELAYED DUE TO
COST
INFLATION AND RESOURCE RESTRAINTS IN SOME CUSTOMER PROJECTS RELATED TO UMBILICALS
    * WE NOTED A NEGATIVE CASH FLOW IN Q3, DUE TO PAYMENTS OF RAW MATERIAL PURCHASES MADE DURING
Q2,
WHEN METAL PRICES WERE HIGH

Source text for Eikon:  ID:nWkr4gzTzM 
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