Interpump on track to beat its 2023 sales growth expectations after Q3 result

Interpump SpA

10/11/2023 13:21

Nov 10 (Reuters) - Italy's pump manufacturer Interpump
 ITPG.MI  said on Friday it will close 2023 with sales above
initial expectations, while reporting a slight reduction in
third-quarter net profit compared to the same period last year.
    Q3 net sales rose 3.3% to 535.9 million euros ($572.50
million), with the water-jetting business posting 11.5% growth
in the same period. The group said it will top its 5% sales
growth outlook for the year, which had already been lifted in
August.
    Net profit in the quarter came in at 71.6 million euros,
down 4% year-on-year.
    

($1 = 0.9361 euros)

 (Reporting by Alberto Chiumento; Editing by Sharon Singleton)
 ((Alberto.chiumento@thomsonreuters.com))