Brief: Latour End-Q3 NAV Down At SEK 148 Per Share

Investment AB Latour

08/11/2022 07:48

Nov 8 (Reuters) - Investment AB Latour  LATOb.ST :
    * END-Q3 NET ASSET VALUE FELL TO SEK 148 PER SHARE, COMPARED WITH SEK 216 PER SHARE AT START
OF
YEAR
    * Q3 INDUSTRIAL OPERATIONS' OPERATING PROFIT INCREASED BY 27 PER CENT TO SEK 784 M (618 M)
    * Q3 INDUSTRIAL OPERATIONS' NET SALES ROSE 29 PER CENT TO SEK 5,629 M (4,356 M)
    * DURING 9-MONTH PERIOD, VALUE OF INVESTMENT PORTFOLIO DECREASED BY 37.6 PER CENT ADJUSTED
FOR
DIVIDENDS
    * Q3 CONSOLIDATED NET SALES SEK 5,629 MILLION VERSUS SEK 4,433 MILLION YEAR AGO
    * CEO:THERE IS STRONG UNDERLYING DEMAND IN MOST MARKETS, APART FROM CHINA WHERE LOCKDOWN
MEASURES
AND RISING PROTECTIONISM ARE KEEPING DEMAND SUBDUED
    * Q3 CONSOLIDATED OPERATING  PROFIT SEK 764 MILLION VERSUS SEK 585 MILLION YEAR AGO

Source text for Eikon:  ID:nWkr39YHhH 
Further company coverage:  LATOb.ST 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))