Brief: Beijer Electronics Group Q3 EBIT Grows To SEK 69.4 Million

Ependion AB

26/10/2022 08:54

Oct 26 (Reuters) - Beijer Electronics Group AB
 BELE.ST :
    * Q3 ORDER INTAKE SEK 621 MILLION VERSUS SEK 502 MILLION
YEAR AGO
    * Q3 NET SALES SEK 567 MILLION VERSUS SEK 412 MILLION YEAR
AGO
    * Q3 EBIT SEK 69.4 MILLION VERSUS SEK 31.9 MILLION YEAR AGO
    * GLOBAL SHORTAGE OF ELECTRONIC COMPONENTS CONTINUES TO
AFFECT OUR
BUSINESS
    * THERE IS A 12-18-MONTH LEAD TIME OR MANY COMPONENTS
    * DEMAND CONTINUES TO EXCEED SUPPLY, WHICH LEADS TO
SHORTAGES THAT
LIMIT OUR PRODUCTION VOLUME.
    * FLUCTUATION IN PRODUCTION AND COMPLEX MANAGING OF MANY
CHANGE
ORDERS, WHICH DRAGS DOWN PRODUCTIVITY
    * DEMAND FOR CONSUMER ELECTRONICS IS NOW FALLING, WHICH
SHOULD
LEAD TO BETTER BALANCE BETWEEN SUPPLY AND DEMAND IN 2023
    * DIRECT EFFECT ON GROUP OF RUSSIA'S WAR OF INVASION IN
UKRAINE IS
VERY SMALL
    * WE ASSES THAT BEIJER GROUP WILL ACHIEVE SIGNIFICANTLY
BETTER
FINANCIAL PERFORMANCE IN 2022 THAN 2021.

Source text for Eikon:  ID:nWkrbVmybb 
Further company coverage:  BELE.ST 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))