Sweden's Hexpol says Q3 profit above market expectations
05/10/2020 07:01
STOCKHOLM, Oct 5 (Reuters) - Swedish polymers group Hexpol
HPOLb.ST expects its adjusted operating profit for the third
quarter to come in well above market expectations, boosted by
higher volumes versus the previous quarter as well as reduced
costs, it said in a statement on Monday.
The company, which has big exposure to the automotive
industry, said it expected its quarterly operating profit to be
560-590 million Swedish crowns, versus 583 million crowns ($65
million) in the year-ago quarter.
Hexpol, which will publish its full earnings report on
October 23, said third-quarter sales were seen in line market
expectations.
($1 = 8.9064 Swedish crowns)
(Reporting by Johannes Hellstrom; Editing by Simon Johnson)
((johannes.hellstrom@thomsonreuters.com; +46850242388; Reuters
Messaging: johannes.hellstrom.reuters.com@reuters.net))