Brief: Nederman Q2 Net Result Swings To Profit Of SEK 82.7 Mln

Nederman Holding AB

15/07/2021 07:06

July 15 (Reuters) - Nederman Holding AB  NMAN.ST :
    * Q2 INCOMING ORDERS AMOUNTED TO SEK 1,058M (740),
EQUIVALENT TO
CURRENCY-NEUTRAL GROWTH OF 53.5 PERCENT COMPARED WITH SAME
PERIOD LAST YEAR
    * Q2 NET SALES AMOUNTED TO SEK 977M (928), EQUIVALENT TO
CURRENCY-NEUTRAL GROWTH OF 13.8 PERCENT COMPARED WITH SAME
PERIOD LAST YEAR.
    * Q2 ADJUSTED OPERATING PROFIT WAS SEK 97.4M (73.0), GIVING
AN
ADJUSTED OPERATING MARGIN OF 10.0 PERCENT (7.9).
    * Q2 NET PROFIT WAS SEK 82.7M (-10.4).
    * WE ARE CAUTIOUSLY OPTIMISTIC ABOUT UPCOMING QUARTERS
    * OUR BASIC BUSINESS AND A STRONG DIGITAL OFFERING ENABLE US
TO
ASSERT OURSELVES WELL IN CURRENT MARKET, AT SAME TIME AS MAJOR
PROJECTS ARE DELAYED
    * IN SHORT TERM, RISING RAW MATERIAL PRICES ARE PUTTING
PRESSURE
ON PROFIT MARGINS AND THIS NEGATIVE IMPACT IS EXPECTED TO
CONTINUE INTO Q3
    * WE ANTICIPATE THAT LOCKDOWNS AND RESTRICTIONS WILL HAVE
INCREASINGLY LESS OF AN IMPACT ON CUSTOMERS' SHORT-TERM
WILLINGNESS TO INVEST, BUT COULD HAVE A DAMPENING EFFECT IN
CERTAIN MARKETS

Source text for Eikon:  ID:nWkr9SSJKv 
Further company coverage:  NMAN.ST 

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