Brief: Alleima Says Market Conditions For Strip Division Improved During Q3

Alleima AB

22/10/2024 11:18

Oct 22 (Reuters) - Alleima AB  ALLEI.ST :
    * Q3 ORDER INTAKE FOR ROLLING 12-MONTH PERIOD DECREASED BY
12% TO
SEK 19,646 MILLION (22,362)
    * Q3 REVENUES DECREASED BY 3% TO SEK 4,498 MILLION
    * Q3 ADJUSTED OPERATING PROFIT (EBIT) AMOUNTED TO SEK 314
MILLION
(350)
    * DEMAND WITHIN NUCLEAR IS GROWING GLOBALLY, AND TO LEVERAGE
GROWTH OPPORTUNITIES WE HAVE NOW DECIDED TO INCREASE OUR
CAPACITY
    * CONSTANTLY SEEING NEW OPPORTUNITIES IN OUR PROFITABLE AND
RAPIDLY GROWING MEDICAL SEGMENT WITHIN KANTHAL
    * OUTLOOK Q4: PRODUCT MIX IS EXPECTED TO BE SIMILAR TO THAT
OF THE
THIRD QUARTER
    * OUTLOOK Q4: OUR BACKLOG IS SOLID IN SEVERAL OF OUR KEY
SEGMENTS
AND WE HAVE GOOD VISIBILITY IN OUR NEAR-TERM DELIVERIES
    * IN TUBE DIVISION, WE NOTED A HIGH ACTIVITY LEVEL IN
SEGMENTS
SUCH AS OIL AND GAS, NUCLEAR AND TRANSPORTATION
    * WE NOTED CAUTION AMONG OUR INDUSTRIAL HEATING CUSTOMERS
    * MARKET CONDITIONS FOR STRIP DIVISION IMPROVED DURING
QUARTER

Source text for Eikon:  ID:nWkr3hGYgy 
Further company coverage:  ALLEI.ST 

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