Sweden's Lammhults Q3 order intake jumps 21%, net sales up 1.7%

Lammhults Design AB

Yesterday 12:10

Overview
Sweden furniture group's Q3 net sales rose 1.7% yr/yr, driven by currency effects
Adjusted operating profit for Q3 increased to 11.5 mln SEK from 6.9 mln SEK
Order intake jumped 20.8% and order backlog rose 15.2% yr/yr

Outlook
Company maintains target of 8–10% EBIT margin in a normalised market
Company sees opportunities in geographical expansion and digital sales development
Lammhults plans continued investments in market presence, digitalisation, and product development

Result Drivers
OFFICE INTERIORS - Co said sales growth and improved profitability in Office Interiors helped drive results
LIBRARY WEAKNESS - Co said Library Interiors sales declined 4.6% yr/yr
COST CONTROL - Co attributed stable performance to continued cost control and positive mix effects

Company press release: ID:nWkr1N5Wff

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Sales
 
SEK 208.90 mln
 
Q3 Adjusted Gross Margin
 
37.00%
 
Q3 Adjusted Operating Income
 
SEK 11.50 mln
 
Q3 Free Cash Flow
 
-SEK 4.80 mln
 
Q3 Order Backlog
 
SEK 218.10 mln
 

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Oct 23 - Sweden's Lifco Q3 sales rise 8.3%, pretax profit tops estimates
Oct 23 - Sweden's Indutrade Q3 EBITA slightly beats estimates on strong order intake, pricing
Oct 22 - Finland's Lindex Group Q3 revenue rises on broad-based growth

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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.)