Brief: ITAB Shop Concept Q2 Operating Profit Grows To SEK 91 Mln

Itab AB

13/07/2023 06:41

July 13 (Reuters) - ITAB Shop Concept AB  ITAB.ST :
    * ITAB SHOP CONCEPT AB Q2 NET SALES SEK 1,504 MILLION VERSUS
 SEK
1,700 MILLION YEAR AGO
    * ITAB SHOP CONCEPT AB Q2 OPERATING PROFIT SEK 91 MILLION
VERSUS
SEK 63 MILLION YEAR AGO
    * H1 WAS CHARACTERISED BY GROWING INTEREST IN OUR LOSS
PREVENTION
SOLUTIONS AND LOW-ENERGY LIGHTING SYSTEMS
    * SOLUTIONS CLEARLY ADDRESS RETAILERS' NEEDS TO REDUCE THEIR
COSTS
WHILE ALSO IMPROVING STORE EXPERIENCE
    * ECONOMIC CLIMATE AND INTEREST RATES ARE CREATING
UNCERTAINTY AND
CAUTION REGARDING NEW INVESTMENT DECISIONS AMONG CUSTOMERS
    * CURRENCY-ADJUSTED SALES FOR YEAR TO DATE DECLINED BY 15%
VERSUS
PRECEDING YEAR.

Source text for Eikon:  ID:nWkr85rCTR 
Further company coverage:  ITAB.ST 

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