Brief: ITAB Reports Q2 Net Income Of SEK 61 Million
BRIEF-ITAB Reports Q2 Net Income Of SEK 61 Million July 16 (Reuters) - 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
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