Brief: Beijer Electronics Q4 net still in red, slashes dividend
27/01/2017 12:00
Jan 27 (Reuters) - Beijer Electronics AB BELE.ST
* Q4 order intake amounted to 331.1 Msek (343.1)
* Q4 operating profit increased to 7.3 Msek (-10.7)
* Q4 loss after tax was -8.7 Msek (-12.5)
* Says board of directors is proposing a dividend of 0 sek
per share (1.25)
* Says have good potential of achieving our targets of
growth of 7 pct and an operating margin of 10 pct during 2018
* Says board of directors has decided not to pay a dividend
for financial year 2016, reason being need to strengthen our
balance sheet
* Says expects to be able to achieve higher sales and better
underlying operating profit in 2017 than achieved in 2016
Source text for Eikon: ID:nWkraA7326
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