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ITAB — Itab AB News Story

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Brief: ITAB Reports Q2 Net Income Of SEK 61 Million

BRIEF-ITAB Reports Q2 Net Income Of SEK 61 Million

- Itab Group AB ITAB.ST:

  • Q2 NET INCOME SEK 61 MILLION

  • Q2 OPERATING PROFIT SEK 138 MILLION

  • Q2 ADJUSTED EPS SEK 0.21

  • Q2 OPERATING CASH FLOW SEK -112 MILLION

  • Q2 OPERATING MARGIN 4.3%

  • BUSINESS CLIMATE IN QUARTER WAS CAUTIOUS

  • EARNINGS WERE NEGATIVELY IMPACTED BY LOWER SALES AND PROFITABILITY PRIMARILY IN ITALY, UK AND MIDDLE EAST

  • FOCUSING INTENSELY ON MITIGATING COST INCREASES IN FIRST HALF

  • OVERALL GOAL IS TO GRADUALLY PROGRESS TOWARD OUR FINANCIAL TARGET OF A 7-9 PERCENT OPERATING MARGIN

Source text: ID:nWkr9FclBv

Further company coverage: ITAB.ST


(Gdansk Newsroom)

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