Brief: Bergman & Beving Q2 EBITA Up At SEK 84 Million

Bergman & Beving AB

20/10/2022 06:50

Oct 20 (Reuters) - Bergman & Beving AB  BERGb.ST :
    * REG-BERGMAN & BEVING´S INTERIM REPORT 1 APRIL-30 SEPTEMBER
2022
    * Q2 REVENUE ROSE BY 6 PERCENT TO MSEK 1,073 (1,014), WITH
DELIVERY PROBLEMS DUE TO AN IT ATTACK ON LUNA'S LOGISTICS
PROVIDER HAVING A NEGATIVE IMPACT OF APPROXIMATELY MSEK 30
    * Q2 EBITA INCREASED BY 4 PERCENT TO MSEK 84 (81) AND EBITA
MARGIN
WAS 7.8 PERCENT (8.0)
    * OVERALL, I EXPECT GROUP'S CONDITIONS TO REMAIN FAVOURABLE
- CEO
    * Q2 NET PROFIT TOTALLED MSEK 49 (50)
    * DEMAND FROM INDUSTRIAL CUSTOMERS REMAINED FAVOURABLE IN
QUARTER
    * ACTIVITIES TO REDUCE AND OPTIMIZE INVENTORY LEVELS ARE
BEING
INTENSIFIED
    * OUR FOCUS WILL BE ON IMPROVING PROFITABILITY IN ALL
DIVISIONS
AND INCREASING OUR ACQUISITION RATE OVER TIME
    * EXPECT OUR IMPRESSIVE EARNINGS TREND TO RESUME IN LINE
WITH OUR
PLAN TO DOUBLE GROUP'S OPERATING PROFIT WITHIN FOUR TO FIVE
YEARS
    * EXPECT GROUP'S CONDITIONS TO REMAIN FAVOURABLE

Source text for Eikon:  ID:nGNE3rLtVR 
Further company coverage:  BERGb.ST 
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