Brief: Lindab Q3 Operating Profit Down At SEK 358 Mln

Lindab International AB

25/10/2022 07:18

Oct 25 (Reuters) - Lindab International AB  LIAB.ST :
    * INTERIM REPORT JANUARY - SEPTEMBER 2022: STRONG GROWTH
THROUGH
ACQUISITIONS
    * Q3 NET SALES INCREASED BY 30 PERCENT TO SEK 3,239 M
(2,488)
    * Q3 OPERATING PROFIT SEK 358 MILLION VERSUS SEK 403 MILLION
YEAR
AGO
    * IN SHORT TERM, WE EXPECT GRADUALLY LOWER DEMAND AND
VOLUMES FOR
BOTH BUSINESS AREAS, AS NEW CONSTRUCTION OF BUILDINGS SUFFERS
FROM HIGHER COSTS, INCREASED INTEREST RATES AND LONGER DECISION
TIMES
    * WE EXPECT REDUCED NEW CONSTRUCTION ACTIVITY IN FUTURE
    * SEES GOOD GROWTH OPPORTUNITIES IN RENOVATION AND
REMODELLING AS
ENERGY EFFICIENCY PROJECTS ARE STARTED IN EUROPE
    * GOOD GROWTH OPPORTUNITIES IN RENOVATION AND REMODELLING
ARE
EXPECTED IN MID-TERM

Source text for Eikon:  ID:nWkr17jmYX 
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