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KARNEL B — Karnell AB (publ) News Story

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Swedish industrial tech firm Karnell's prelim Q3 sales jump amid strong demand

Swedish industrial tech firm Karnell's prelim Q3 sales jump amid strong demand


Overview

  • Sweden industrial technology group's preliminary Q3 net sales rose 33% yr/yr, driven by organic and acquired growth

  • Preliminary Q3 EBITA up 73% yr/yr, with EBITA margin slightly above 20%

  • Company cites broad-based demand and high delivery pace; strong niche demand seen as temporary


Outlook

  • Karnell did not provide specific financial guidance for future quarters or the full year in the press release


Result Drivers

  • STRONG DEMAND AND DELIVERY - Co said organic growth was driven by strong demand and high delivery pace across several group companies

  • NICHE DEMAND - High demand in one niche company continued

  • ACQUISITIONS - Co attributed part of sales growth to acquired companies


Company press release: ID:nMFN7zHFc8


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Sales

SEK 580 mln

Q3 EBITA

SEK 120 mln


Reuters Recommended Reads

  • Oct 12 - Sweden's Telia to cut around 900 jobs and save $100 million


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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