Brief: Bergman & Beving Q2 EBITA at SEK 53 MLN
25/10/2019 07:14
Oct 25 (Reuters) - Bergman & Beving AB BERGb.ST :
* REG-BERGMAN & BEVING AB: INTERIM REPORT 1 APRIL–30 SEPTEMBER 2019
* Q2 REVENUE SEK 970 MILLION VERSUS SEK 919 MILLION YEAR AGO
* SALES DEVELOPED POSITIVELY AT END OF QUARTER, WHICH PARTLY COMPENSATED FOR WEAKER SALES
DURING
SUMMER MONTHS
* WE EXPERIENCED MIXED DEMAND SIGNALS FROM OUR PRIMARY MARKETS AND FROM OUR VARIOUS CUSTOMER
SEGMENTS, REFLECTING INCREASED UNCERTAINTY IN MARKET
* WE CONTINUED TO SUCCESSFULLY BROADEN OUR CUSTOMER BASE, AND SALES TO NEW CUSTOMERS
INCREASED
STEADILY
* ACQUISITIONS REMAIN AN IMPORTANT PART OF OUR STRATEGY FOR GROWTH
* Q2 EBITA TOTALLED MSEK 53 (64), CORRESPONDING TO AN EBITA MARGIN OF 5.5 PERCENT (7.0).
* WE FORESEE GOOD OPPORTUNITIES TO ACQUIRE ATTRACTIVE COMPANIES BOTH IN NORDIC REGION AND IN
OTHER
GEOGRAPHIC MARKETS IN FUTURE.
* WE ARE NOT SATISFIED WITH PROFIT TREND AND MEASURES TO REDUCE COSTS BY MSEK 60 HAVE BEEN
INITIATED
* IMPLEMENTED COST REDUCTION ACTIVITIES HAD A NEGATIVE EFFECT ON COST WITH APPROXIMATELY
MSEK 7 IN
QUARTER
Source text for Eikon: ID:nGNE9JcJrp
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