Brief: Investment Latour BOD Proposes Dividend Of SEK 3.70 Per Share

Investment AB Latour

10/02/2023 07:48

Feb 10 (Reuters) - Investment AB Latour  LATOb.ST :
    * YEAR-END REPORT 2022
    * NET ASSET VALUE SEK DECREASED TO SEK 159 PER SHARE,
COMPARED
WITH SEK 216 PER SHARE AT START OF YEAR
    * BOARD OF DIRECTORS PROPOSES AN INCREASED DIVIDEND OF SEK
3.70
(3.30) PER SHARE
    * Q4 INDUSTRIAL OPERATIONS NET SALES SEK 6,402 MILLION
VERSUS SEK
5,252 MILLION YEAR AGO
    * YEAR AS A WHOLE HAS BEEN DOMINATED BY FACT THAT THERE IS
AN
ONGOING WAR IN EUROPE
    * UNCERTAINTY EXISTS OVER A POTENTIAL ECONOMIC DOWNTURN AND
MARKETS ARE CONCERNED ABOUT RISING INFLATION
    * LATOUR IS IN A FINANCIALLY STRONG POSITION AND IS NOT
CUTTING
BACK ON INVESTMENTS IN PROGRESS BECAUSE OF SHORT-TERM CONCERNS
ABOUT ECONOMY
    * Q4 INDUSTRIAL OPERATIONS OPERATING PROFIT SEK 929 MILLION
VERSUS
SEK 723 MILLION YEAR AGO
    * WE ARE CONTINUING TO INVEST IN CROSS-COMPANY NETWORKING
AND
COLLABORATION IN GROUP
    * WEAK PERFORMANCE OF STOCK MARKETS DURING YEAR IS A
REACTION TO
UNCERTAINTY ABOUT, AMONG OTHER THINGS, WAR IN UKRAINE,
INFLATION, CURRENT ENERGY CRISIS

Source text for Eikon:  ID:nWkr2pm2g6 
Further company coverage:  LATOb.ST 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))