Brief: Beijer Electronics Group Q2 EBIT Up To SEK 21.5 Mln

Ependion AB

12/07/2019 12:04

July 12 (Reuters) - Beijer Electronics Group AB  BELE.ST :
    * INTERIM REPORT JANUARY-JUNE 2019: CONTINUED POSITIVE
PROGRESS,
AND ACQUISITION OF SWISS TECH COMPANY
    * Q2 ORDER INTAKE AMOUNTED TO 377 MSEK (371)
    * Q2 NET SALES INCREASED BY 6% TO 381 MSEK (361).
    * BEIJER GROUP KEPT HEADING IN A POSITIVE DIRECTION IN Q2,
LARGELY
FOLLOWING STRATEGIC PLAN WE SET A FEW YEARS AGO
    * Q2 EBIT UP TO 21.5 MSEK (18.0)
    * POSITIVE GROWTH TREND CONTINUED IN WESTERMO BUSINESS
ENTITY,
WITH INCREASED ORDER INTAKE AND SALES
    * BEIJER ELECTRONICS BUSINESS ENTITY POSTED CONTINUED
EARNINGS AND
MARGIN GAINS DESPITE SALES BEING UNCHANGED
    * BASICALLY, KORENIX BUSINESS ENTITY PROGRESSED AS PLANNED,
WITH
SOMEWHAT HIGHER SALES AND IMPROVED EARNINGS, AND IS THUS NEARING
BREAK-EVEN
    * FOR FULL YEAR 2019, WE REITERATE OUR VIEW THAT BEIJER
GROUP WILL
BE ABLE TO INCREASE SALES AND EARNINGS COMPARED TO FIGURES FOR
2018

Source text for Eikon:  ID:nWkrxjYWC 
Further company coverage:  BELE.ST 

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