Brief: Inwido Q2 EBITA Rises To SEK 187 Million

Inwido AB (publ)

15/07/2019 07:48

July 15 (Reuters) - Inwido AB (publ)  INWI.ST :
    * INTERIM REPORT JANUARY-JUNE 2019
    * APRIL-JUNE NET SALES AMOUNTED TO SEK 1,710 MILLION (1,729)
    * APRIL-JUNE EBITA SEK 187 MILLION VERSUS SEK 184 MILLION
YEAR AGO
    * APRIL-JUNE EARNINGS PER SHARE BEFORE DILUTION AMOUNTED TO
SEK
2.05 (2.31)
    * CONTINUED FAVOURABLE DEVELOPMENT IN SOUTH, WEAKER IN NORTH
BUSINESS AREA SOUTH CONTINUED TO DEVELOP POSITIVELY DURING
QUARTER
    * AT END OF QUARTER, BUSINESS AREA SOUTH'S ORDER BACKLOG WAS
19
PERCENT HIGHER THAN AT SAME TIME IN PRECEDING YEAR
    * DURING PERIOD, DEVELOPMENT IN BUSINESS AREA NORTH WAS
WEAKER
    * LONG-TERM ACQUISITION STRATEGY STANDS FIRM AND OUR EFFORTS
TO
FURTHER STRENGTHEN BALANCE SHEET TO BE ABLE TO MAKE ACQUISITIONS
CONTINUE
    * INDUSTRY MARKET IN BOTH SWEDEN AND FINLAND IS SHOWING FEW
SIGNS
OF RECOVERY, WITH EXPECTATIONS OF A CONTINUED DECLINE IN NEW
CONSTRUCTION ACTIVITY
    * WE ARE GRADUALLY APPROACHING GROUP'S NET DEBT/EBITDA
TARGET OF
2.5
    * CONDITIONS IN DANISH AND NORWEGIAN MARKETS CONTINUE TO
APPEAR
FAVOURABLE
    * CONSUMER MARKETS APPEAR MORE STABLE, BUT ARE DIFFICULT TO
ASSESS, PARTLY DUE TO POLITICAL UNCERTAINTY

Source text for Eikon:  ID:nWkrbYzCVx 
Further company coverage:  INWI.ST 

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