July 7 (Reuters) - Hexatronic Group AB HTRO.ST:
REPORTED ON SUNDAY Q2 EBITA SEK 169 MILLION, DOWN 24% Y/Y
Q2 REVENUE SEK 1,906 MILLION , DOWN 6% Y/Y
SALES AND EBITA IN THE FIBER SOLUTIONS BIZ AREA LOWER THAN EXPECTED, DUE TO WEAKER DEMAND FOR FTTH EQUIPMENT AND PRICE PRESSURE ACCENTUATED BY OVERCAPACITY IN THE INDUSTRY
PERFORMANCE IMPROVEMENT PROGRAM HAS BEEN INITIATED WITHIN FIBER SOLUTIONS THAT WILL INCLUDE BOTH COST SAVINGS AND INVESTMENTS IN SELECTIVE GROWTH AREAS
TO PRESENT DETAILS OF PROGRAM AS PART OF INVESTOR UPDATE IN SEPTEMBER
Source text: ID:nMFN8NwckN
Further company coverage: HTRO.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))