Brief: Granges Q3 Adjusted Operating Profit Down At SEK 190 Million

Granges AB

24/10/2019 06:43

Oct 24 (Reuters) - Granges AB  GRANG.ST :
    * Q3 ADJUSTED OPERATING PROFIT SEK 190 MILLION VERSUS SEK
230
MILLION YEAR AGO
    * Q3 NET SALES SEK 3.00 BILLION VERSUS SEK 3.32 BILLION YEAR
AGO
    * GLOBAL AUTOMOTIVE MARKET IS EXPECTED TO CONTINUE TO BE
SOFT FOR
REST OF 2019.
    * FOR Q4 GRÄNGES EXPECTS A SALES VOLUME DECLINE BY MID TO
HIGH
SINGLE DIGITS.
    * SESS A MID TO HIGH SINGLE-DIGIT REDUCTION DRIVEN BY LOWER
EXPECTED LIGHT VEHICLE PRODUCTION AND CONTINUED DESTOCKING IN
SUPPLY CHAIN

Source text for Eikon:  ID:nWkr6kyhdm 
Further company coverage:  GRANG.ST 

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