Brief: Nederman Holding Q3 Operating Profit Up At SEK 77.9 Million

Nederman Holding AB

17/10/2019 07:06

Oct 17 (Reuters) - Nederman Holding AB  NMAN.ST :
    * INTERIM REPORT JANUARY-SEPTEMBER 2019
    * Q3  INCOMING ORDERS SEK 964.6 MILLION VERSUS SEK 817.9
MILLION
YEAR AGO
    * DEVELOPMENT IN QUARTER IS IN LINE WITH OUR EXPECTATIONS
    * EUROPE REPORTED ANOTHER STRONG QUARTER
    * Q3 NET SALES SEK 1,088.6 MILLION VERSUS SEK 835.2 MILLION
YEAR
AGO
    * IN AMERICAS, OUR FOCUS ON PROFITABILITY IMPROVEMENTS HAS
NOW
YIELDED RESULTS IN FORM OF STRONGER OPERATING PROFIT
    * DEVELOPMENT IN ASIA WAS WEAK, WITH INVESTMENTS IN CHINA
REMAINING AT LOW LEVELS
    * Q3 OPERATING PROFIT AMOUNTED TO SEK 77.9M (53.5)*, GIVING
AN
OPERATING MARGIN OF 7.2 PERCENT (6.4)
    * MANY OF OUR MARKETS, NOT LEAST US AND CHINA, CONTINUE TO
BE
CHARACTERISED BY UNCERTAINTY
    * WE HAVE ALSO NOTED INCREASING SIGNS OF A GENERAL SLOWDOWN
IN
WORLD ECONOMY

Source text for Eikon:  ID:nWkr4W78H8 
Further company coverage:  NMAN.ST 

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