Brief: Engcon Q2 Operating Profit Rises To SEK 99 Million

Engcon AB

23/08/2022 07:10

Aug 23 (Reuters) - Engcon AB  ENGCONb.ST :
    * Q2 ORDER INTAKE INCREASED 20 PER CENT TO SEK 519 MILLION
(431)
    * Q2 NET SALES INCREASED 35 PER CENT TO SEK 534 MILLION
(395)
    * Q2 OPERATING PROFIT INCREASED 19 PER CENT TO SEK 99
MILLION (83)
    * Q2 PROFIT FOR PERIOD INCREASED 32 PER CENT TO SEK 82
MILLION
(62)
    * GROSS MARGIN WAS STABLE AND PRICE INCREASES INTRODUCED AT
START
OF YEAR AS WELL AS IN EARLY APRIL OFFSET SOMEWHAT HIGHER PRICES
OF RAW MATERIALS, COMPONENTS AND SHIPPING
    * WE ANTICIPATE THAT PRICE INCREASES WILL GRADUALLY REACH
FULL
EFFECT IN NEXT TWO QUARTERS
    * AVAILABILITY OF CERTAIN COMPONENTS INCREASED DURING
QUARTER, AND
EVEN IF DELIVERIES CANNOT YET BE OPTIMISED, WE ARE SEEING A
REDUCTION IN LEAD TIMES, WHICH IS POSITIVE

Source text for Eikon:  ID:nMFN4ympYB 
Further company coverage:  ENGCONb.ST 

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