Brief: CTEK Q4 Adjusted EBITA Falls To SEK 21 Mln

CTEK AB (publ)

16/02/2022 07:19

Feb 16 (Reuters) - CTEK AB (publ)  CTEK.ST :
    * INTERIM REPORT Q4: ADVANCED MARKET POSITIONS AND STRONG
DEMAND
IN ALL DIVISIONS - CONTINUING INVESTMENTS IN THE ORGANISATION TO
ENSURE FUTURE GROWTH
    * Q4 NET SALES INCREASED TO SEK 258 MILLION (222).
    * Q4 ADJUSTED EBITA DECLINED TO SEK 21 MILLION (36)
    * WE CONTINUED TO RAISE PRICES IN ALL DIVISIONS TO
COUNTERACT COST
INCREASES. THESE PRICE INCREASES ARE EXPECTED TO GENERATE
EFFECTS FROM Q2 2022
    * OUR ASSESSMENT IS THAT CHALLENGING EXTERNAL BUSINESS
CLIMATE
WILL PERSIST, AT A VARYING DEGREE FOR EACH DIVISION, IN QUARTERS
AHEAD

Source text for Eikon:  ID:nWkr4839l0 
Further company coverage:  CTEK.ST 

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