Brief: Garo Q3 EBIT Rises To SEK 37.5 Mln

Garo AB

18/11/2020 06:32

Nov 18 (Reuters) - Garo AB  GARO.ST :
    * INTERIM REPORT JANUARY- SEPTEMBER 2020
    * Q3 EBIT AMOUNTED TO MSEK 37.5 (23.6)
    * Q3 NET SALES AMOUNTED TO MSEK 247.0 (235.2)
    * Q3 NET INCOME WAS MSEK 28.3 (17.9).
    * CORE MARKET CONDITIONS HAVE ESSENTIALLY NOT CHANGED ASIDE
FROM
PANDEMIC
    * DEMAND FOR CONSTRUCTION-RELATED PRODUCTS IN SWEDEN
COMBINED WITH
IMPORTANT RENOVATION SECTOR IS EXPECTED TO REMAIN STABLE
    * HOUSING CONSTRUCTION HAS SLOWED DOWN SLIGHTLY FROM ITS
PEAKS
DURING LAST FEW YEARS BUT PRODUCTION RATE REMAINS HIGH AND
STABLE
    * HAS A POSITIVE VIEW OF LONG-TERM MARKET CONDITIONS, MAINLY
DRIVEN BY GROWTH IN CHARGING INFRASTRUCTURE

Source text for Eikon:  ID:nWkr3cJxd5 
Further company coverage:  GARO.ST 

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