Brief: Ependion Says Q3 Remained Challenging

Ependion AB

25/10/2024 12:03

Oct 25 (Reuters) - Ependion AB  EPEND.ST :
    * Q3 REMAINED CHALLENGING
    * WEAK DEMAND DURING PAST TWELVE-MONTH PERIOD CONTINUED TO
NEGATIVELY IMPACT OUR SALES AND ORDER INTAKE PACE
    * EXTERNAL FACTORS REMAIN UNCERTAIN, AND WE CONTINUE TO SEE
CAUTION AMONG MANY OF OUR CUSTOMERS
    * INTEREST RATE CUTS NOW TAKING PLACE ARE EXPECTED TO
CONTRIBUTE
TO INCREASED ACTIVITY, BUT IT WILL TAKE TIME FOR THEIR EFFECTS
TO MATERIALIZE
    * IN MEDIUM TO LONG TERM, PROSPECTS FOR PROFITABLE GROWTH
ARE VERY
STRONG
    * WE SEE POTENTIAL FOR MARGIN IMPROVEMENTS AS DEMAND
INCREASES

Source text for Eikon:  ID:nWkr1dLm7B 
Further company coverage:  EPEND.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))