Brief: Balco Q3 Operating Profit Down At SEK 29 Mln

Balco AB

12/11/2020 06:35

Nov 12 (Reuters) - Balco Group AB  BALCO.ST :
    * STRONG FINANCIAL POSITION, BUT QUARTER AFFECTED BY
COVID-19
    * Q3 NET SALES AMOUNTED TO 258 MSEK (292).
    * Q3 ORDER INTAKE AMOUNTED TO 142 MSEK (199).
    * Q3 ORDER BACKLOG AMOUNTED TO 1,294 MSEK (1,557)
    * Q3 OPERATING PROFIT AMOUNTED TO 29 MSEK (31)
    * BOARD OF DIRECTORS CONFIRMS ITS PREVIOUS DECISION NOT TO
PAY A
DIVIDEND IN 2020.
    * SECOND WAVE OF COVID-19 WITH INCREASED SPREAD OF INFECTION
IN
MOST COUNTRIES AND THUS CONTINUED OR REINTRODUCED RESTRICTIONS
HAS STRONGLY AFFECTED BALCO'S ORDER INTAKE NEGATIVELY IN Q3

Source text for Eikon:  ID:nWkr6K3zZs 
Further company coverage:  BALCO.ST 

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