Brief: Beijer Ref Q3 EBITA Rises To SEK 366 Million

Beijer Ref AB (publ)

19/10/2021 07:38

Oct 19 (Reuters) - Beijer Ref AB (publ)  BEIJb.ST :
    * BEIJER REF AB Q3-2021
    * Q3 NET SALES INCREASED BY 13.1% (-2.9) IN Q3 COMPARED TO
SAME
PERIOD LAST YEAR AND AMOUNTED TO SEK 4,341 MILLION (3,837)
    * Q3 EBITA AMOUNTED TO SEK 366 MILLION (353), CORRESPONDING
TO AN
EBITA MARGIN OF 8.4% (9.2)
    * Q3 PROFIT BEFORE TAX WAS SEK 339 MILLION (329)
    * COVID-19 HAS HAD SOME EFFECT ON COMPANY'S PROFIT DURING
PERIOD;
INDIVIDUAL REGIONS SUCH AS SOUTH AFRICA, SOUTHEAST ASIA AND
OCEANIA HAVE BEEN AFFECTED
    * HE ASSESSMENT IS THAT THERE WILL BE NO MAJOR IMPACT ON
PROFITS
FROM COVID-19 IN Q4, UNLESS NEW OUTBREAKS OCCUR OR EXISTING
LOCKDOWNS ARE EXTENDED.
    * COMPANY'S LIQUIDITY REMAINED GOOD AND COMPANY'S BALANCE
SHEET IS
STRONG, WITH UNUTILIZED CREDIT AMOUNTING TO SEK 444 MILLION
(1,484)
    * OPERATING MARGIN WAS 8.2%, WHICH IS SLIGHTLY LOWER THAN
THE
PREVIOUS YEAR AND IS MAINLY DUE TO INCREASED FREIGHT COSTS,
SALES LOSSES WITH CONTINUED LOCKDOWNS IN OUR MARKETS IN
AUSTRALIA AND NEW ZEALAND AND NON-RECURRING COSTS

Source text for Eikon:  ID:nWkr4bzCKl 
Further company coverage:  BEIJb.ST 

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