Brief: NCAB Group Q2 EBITA Up At SEK 37.3 Million

NCAB AB (publ)

30/07/2019 06:38

July 30 (Reuters) - NCAB Group AB (publ)  NCAB.ST :
    * INTERIM REPORT JANUARY-JUNE 2019
    * APRIL-JUNE NET SALES INCREASED BY 14% TO SEK 473.1 MILLION
(415.8). IN USD, NET SALES INCREASED 4%.
    * APRIL-JUNE ORDER INTAKE INCREASED BY 10% TO SEK 450.0
MILLION
(409.6). IN USD, ORDER INTAKE INCREASED 1%.
    * APRIL-JUNE EBITA WAS SEK 37.3 MILLION (22.8), REPRESENTING
AN
EBITA MARGIN OF 7.9% (5.5).
    * SAYS GOOD QUARTER FOR NCAB DESPITE RAISED TARIFFS
    * SAYS HIGHER TARIFFS FROM CHINA TO USA NOT ONLY IMPACTED
OUR US
OPERATIONS BUT ALSO PARTS OF OUR SALES IN CHINA WHOSE FINAL
DESTINATION IS USA
    * WE ARE SEEING A SOMEWHAT CAUTIOUS APPROACH FROM SOME OF
OUR
CUSTOMERS IN EUROPE AND IN NORTH AMERICA

Source text for Eikon:  ID:nWkr5WsDnC 
Further company coverage:  NCAB.ST 

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