Brief: Beijer Electronics Q2 order intake falls to SEK 280 mln

Ependion AB

14/07/2016 12:00

July 14 (Reuters) - Beijer Electronics AB  BELE.ST  
    * Q2 order intake of 280.2 MSEK (337.0) 
    * Q2 operating profit 4.2 MSEK (24.2) 
    * Says expects group's operating profit to be somewhat 
better in second half-year 2016 than corresponding period of 
2015 
    * Says this will not fully offset poor number in first 
half-year 
    * Says anticipates group's operating profit for full year 
2016 being below our previous estimate of somewhat better 
operating profit excluding non-recurring expenses 
    * Says has set new financial targets  
    * Says within a 2-3 year timeframe, target to achieve 
minimum organic growth of 7 pct per year, and achieve a minimum 
EBIT margin of 10 pct, measured as an average over a business 
cycle 
 
Source text for Eikon:  ID:nWkrgn6824  
Further company coverage:  BELE.ST  
 
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