Brief: Duroc Q3 Adjusted EBIT Expected To Increase To SEK 50 Mln

Duroc AB

11/04/2022 15:10

April 11 (Reuters) - Duroc AB  DURCb.ST :
    * EARNINGS UPDATE FOR THE THIRD QUARTER 2021/2022 - ADJUSTED
EBIT
IS EXPECTED TO INCREASE BY C. 40 PERCENT TO APPROXIMATELY SEK 50
M
    * Q3 ADJUSTED EBIT IS EXPECTED TO INCREASE BY JUST OVER 40
PERCENT
TO APPROXIMATELY SEK 50 MILLION (SEK 36.7 MILLION)
    * Q3 AFTER ITEMS AFFECTING COMPARABILITY, MAINLY WRITE-DOWNS
IN
INTANGIBLE ASSETS IN COTTING GROUP, OPERATING PROFIT IS EXPECTED
TO INCREASE TO JUST UNDER SEK 40 MILLION (SEK 1.2 MILLION)
    * DUROC HAS LOW EXPOSURE TO RUSSIA AND UKRAINE
    * COTTING GROUP IS NEGATIVELY AFFECTED BY LACK OF
SEMICONDUCTORS
AND OTHER COMPONENTS ON WHICH AUTOMOTIVE INDUSTRY DEPENDS
    * RISING RAW MATERIAL AND ENERGY PRICES ALSO REMAIN
UNCERTAIN
FACTORS FOR DUROC'S PORTFOLIO COMPANIES IN COMING QUARTERS

Source text for Eikon:  ID:nWkr6Wf8Zc 
Further company coverage:  DURCb.ST 

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