Brief: Hexatronic Group Saw Weak Demand With Price Pressure In Most European Markets

Hexatronic AB

16/07/2024 06:20

July 16 (Reuters) - Hexatronic Group AB  HTRO.ST :
    * LEVERAGE RATIO (NET DEBT/EBITDA (PRO FORMA), R12) AMOUNTED TO 2.2X COMPARED TO 1.7X AS OF
DECEMBER 31, 2023.
    * MODEST RECOVERY IN MARKET FOR FIBER SOLUTIONS
    * CASH FLOW, AMOUNTING TO SEK 221 MILLION IN Q2, WHICH CORRESPONDS TO A CASH CONVERSION OF
115%.
    * IN EUROPE, WE SAW CONTINUED WEAK DEMAND WITH PRICE PRESSURE IN MOST MARKETS.
    * MARKETS IN UK AND GERMANY REMAINED WEAK DURING QUARTER.
    * WE EXPECT MARKET FOR FIBER SOLUTIONS TO REMAIN WEAK IN Q3, WITH A GRADUAL INCREASE IN
DEMAND
FROM LATTER PART OF 2024
    * SEES HARSH ENVIRONMENT, DATA CENTER MARKETS TO REMAIN STRONG FOR THE REST OF THE YEAR
    * 

Source text for Eikon:  ID:nGNE9tjPts 
Further company coverage:  HTRO.ST 

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