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 |
|
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(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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