Brief: FM Mattsson Mora Group Expects Q1 Operating Profit Down At SEK 16.5 Million

FM Mattsson AB (publ)

13/04/2018 10:08

April 13 (Reuters) - FM MATTSSON MORA GROUP AB  FMMb.ST :
    * WEAK START TO THE YEAR LEADS TO LOWER FIRST QUARTER PROFIT
IN
2018
    * NET SALES FOR FM MATTSSON MORA GROUP IN Q1 OF 2018 WERE
ABOUT 4
PERCENT LOWER THAN IN SAME PERIOD LAST YEAR
    * MAIN FACTORS ARE LOWER SALES VOLUME AND LOWER EFFICIENCY
IN
PRODUCTION
    * OPERATING PROFIT IS EXPECTED TO BE APPROXIMATELY SEK 16.5
MILLION COMPARED TO SEK 32.0 MILLION
    * NEGATIVE CURRENCY EFFECTS AND HIGHER SALES COSTS DUE TO
INCREASED MARKET ACTIVITIES ALSO IMPACTED RESULTS NEGATIVELY

Source text for Eikon:  ID:nWkr8XTpGH 
Further company coverage:  FMMb.ST 

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