Brief: Lindab Says Q1 Characterised By Low Construction Demand

Lindab International AB

03/05/2024 06:44

May 3 (Reuters) - Lindab International AB  LIAB.ST :
    * Q1 WAS CHARACTERISED BY LOWER DEMAND IN CONSTRUCTION
MARKET,
PARTICULARLY IN NORDIC REGION
    * SEVERAL COUNTRIES IN SOUTHERN AND WESTERN EUROPE HAVE
SHOWN
RELATIVELY GOOD MARKET DEVELOPMENT, SUCH AS FRANCE, ITALY,
SWITZERLAND AND IRELAND
    * WE SEE AIRMASTER AS START OF MORE ACQUISITIONS WITH GOAL
OF
PRODUCT AREA REACHING SEK 2 BILLION IN SALES BY 2027
    * MORE ACQUISITIONS WILL BE ADDED TO LINDAB IN 2024
    * FROM 2025, OUR ASSESSMENT IS THAT VENTILATION MARKET WILL
ENTER
A MULTI-YEAR GROWTH PHASE

Source text for Eikon:  ID:nWkr2vjGH7 
Further company coverage:  LIAB.ST 

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