Brief: Beijer Electronics Q3 operating profit falls
20/10/2016 07:00
Oct 20 (Reuters) - Beijer Electronics Ab BELE.ST
* Q3 order intake was 266.3 mln SEK (309.0)
* Q3 operating profit of 4.7 mln SEK (12.0)
* Says in Q4 2016, we expect group sales to be higher than
in previous quarter
* Says we also expect operating profit to be better than
corresponding period of 2015 and Q3 2016
* Says we expect restructuring of our production in US to
further reduce our costs
* Says we are retaining our ambition to achieve group's
long-term targets in 2018
* Board also decided to impair most, 71.6 mln SEK, of the
book value of our holding in Altus Sistemas of Brazil
* This impairment, which was charged to third-quarter
profits, is being executed against the background of the poor
progress of the Brazilian economy and Altus's exposure to the
oil and gas sector
Source text for Eikon: ID:nWkrjt6196
Further company coverage: BELE.ST