Brief: FM Mattsson Sees Challenging Market Situation To Continue Throughout 2023

FM Mattsson AB (publ)

25/08/2023 07:45

Aug 25 (Reuters) - FM Mattsson AB (publ)  FMMb.ST :
    * MARKET SITUATION CONTINUES TO BE CHALLENGING AS A RESULT
OF
WELL-KNOWN EXTERNAL FACTORS INFLATION AND INTEREST RATES
    * IN ALL OUR COUNTRIES AND CUSTOMER SEGMENTS, WE SEE SIGNS
OF
LOWER DEMAND, ESPECIALLY FOR NEW CONSTRUCTION AND PRIVATE
RENOVATION OF BATHROOMS AND KITCHENS
    * WE SEE A SLIGHTLY HIGHER LEVEL OF ACTIVITY IN COMMERCIAL
RENOVATION PROJECTS
    * MARKET SITUATION IS UNCERTAIN FOR ALL PLAYERS IN INDUSTRY
AND
OUR ASSESSMENT IS THAT THIS WILL CONTINUE THROUGHOUT 2023
    * FORECASTS FOR NEW CONSTRUCTION PROJECTS ARE THOSE THAT
SHOW
CLEAREST DECLINE
    * SEE OUR HIGH PRESENCE IN RENOVATION MARKET AS A CLEAR
STRENGTH
TO BALANCE A LOWER LEVEL IN NEW CONSTRUCTION
    * IN LONG TERM, WE ALSO SEE A LARGE NEED IN ALL OUR MARKETS
TO
BUILD NEW HOMES AND RENOVATE EXISTING BATHROOMS AND KITCHENS.

Source text for Eikon:  ID:nMFNCpQp5 
Further company coverage:  FMMb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;  +48 58 769 66 00;))