Brief: Beijer Electronics swings to operating loss Q1, sets new financial targets
26/04/2016 12:00
April 26 (Reuters) - Beijer Electronics AB BELE.ST
* Q1 order intake of 265.0 msek (343.5*)
* Q1 operating profit/loss -55.5 msek (26.7)
* Profit was charged with non-recurring expenses of 50 MSEK
(0)
* Says "we are retaining our long-term positive growth
outlook"
* Says IDC business area's order intake and sales decreased
in quarter but we view this downturn as temporary
* Says overall, Beijer Electronics expects to post somewhat
lower sales and somewhat higher operating profit including
non-recurring expenses for full year 2016
* Says accordingly, the Board of Directors has adopted new
financial targets for the whole of Beijer Electronics.
* Says the objectives are for the group to achieve minimum
yearly organic growth of 7 pct, and in the first stage, a
minimum EBIT margin of 10 pct measured as an average over a
business cycle
Source text for Eikon: ID:nWkrdz4779
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