Brief: Christian Berner Tech Trade Q2 EBITA Lowers To SEK 8.0 Mln

Berner Industrier AB

19/08/2021 11:07

Aug 19 (Reuters) - Christian Berner Tech Trade AB
 CBTTb.ST :
    * INTERIM REPORT QUARTER 2, 2021
    * Q2 ORDER INTAKE AMOUNTED TO SEK 212,8 (142,4) MILLION, AN
INCREASE OF 49,4 PERCENT
    * Q2 NET REVENUE FOR Q2 AMOUNTED TO SEK 185,5 (163,9)
MILLION, AN
INCREASE OF 13.2 PERCENT
    * Q2 EBITA WAS 8,0 (14,0) MSEK
    * REVENUE INCREASED BY 13.2 PERCENT IN Q2 OF THIS YEAR, DUE
TO
ACQUISITIONS
    * IN Q2, HOWEVER, WE SAW A STRONG IMPROVEMENT IN ORDER
INTAKE,
WHICH GREW BY AS MUCH AS 49.3 PERCENT, IN COMPARISON TO
PROJECTED FIGURES ACCOUNTING FOR IMPACT OF COVID-19
    * DUE TO A MORE FAVORABLE BUSINESS AND PRODUCT MIX, WE ALSO
HAVE
BETTER GROSS MARGINS COMPARED TO LAST YEAR
    * THIS MEANS THAT WE CAN LOOK FORWARD TO BETTER RESULTS IN
SECOND
HALF OF THIS YEAR.
    * IN OUR ASSESSMENT, UNDERLYING DEMAND REMAINS STABLE
    * ACQUISITIONS ARE AN IMPORTANT PART OF OUR GROWTH STRATEGY
AND WE
ARE SEEKING TO ADD MORE COMPANIES TO GROUP
    * ACQUISITIONS MADE IN LAST YEAR HAVE BEEN SUCCESSFULLY
INTEGRATED
AND ARE ALREADY MAKING POSITIVE CONTRIBUTIONS

Source text for Eikon:  ID:nMFN6bXGpX 
Further company coverage:  CBTTb.ST 

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