Brief: Lindab Expects New Construction To Remain Low Over Next 12-18 Months

Lindab International AB

21/07/2023 06:49

July 21 (Reuters) - Lindab International AB  LIAB.ST :
    * SALES INCREASED BY 6 PERCENT, MAINLY DUE TO COMPLETED
ACQUISITIONS AND ORGANIC GROWTH IN REGION WESTERN EUROPE
    * PROFILE SYSTEMS WAS AFFECTED BY WEAKER DEMAND AND DID NOT
REACH
EXPECTED LEVEL OF PROFITABILITY
    * WE EXPECT NEW CONSTRUCTION TO REMAIN LOW OVER NEXT 12-18
MONTHS
    * DURING Q2 COST FOR THESE MEASURES AMOUNTED TO SEK 4 M AND
IS
ESTIMATED TO BE SLIGHTLY LOWER IN Q3

Source text for Eikon:  ID:nWkrb97brv 
Further company coverage:  LIAB.ST 

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