Brief: NCAB Group Notes Increase In Order Intake During Q1

NCAB AB (publ)

25/04/2024 06:44

April 25 (Reuters) - NCAB Group AB (publ)  NCAB.ST :
    * DURING Q1, WE NOTED A WEAK, BUT DISTINCT, INCREASE IN
ORDER
INTAKE
    * GERMAN MARKET REMAINS SOFT, AND WE ARE YET TO WITNESS A
TURNAROUND IN CHINA
    * INVENTORY ADJUSTMENTS BY OUR CUSTOMERS AND THEIR CUSTOMERS
ARE
COMING TO AN END
    * CUSTOMERS WHO HAVE NOT PLACED ORDERS FOR SEVERAL QUARTERS
HAVE
NOW RETURNED
    * WE CAN SEE HIGHER ACTIVITY BY MANY CUSTOMERS AND NUMBER OF
CONTRACTS WON FOR NEW ARTICLES HAS INCREASED BY 20 PER CENT
YEAR-ON-YEAR
    * WE DO NOT EXPECT A RAPID REBOUND IN MARKET BUT RATHER A
GRADUAL
IMPROVEMENT

Source text for Eikon:  ID:nMFN5F4TRK 
Further company coverage:  NCAB.ST 

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