Brief: Nederman Q3 core profit slightly down, organic orders drop 18 pct yr/yr

Nederman Holding AB

19/10/2016 07:00

Oct 19 (Reuters) - Nederman  NMAN.ST  
    * Q3 incoming orders amounted to SEK 696.6m (846.7), which 
organically is a decrease of 18% compared with same period last 
year. 
    * Q3 operating profit was SEK 68.6m (51.4) 
    * Q3 Adjusted operating profit was SEK 68.6m (71.6), giving 
an adjusted operating margin of 8.7% (9.0) 
    * Says our greatest challenge is uncertainty around sales of 
major projects in USA and China 
    * Says a further factor that is deemed to have an effect on 
some investment decisions is uncertainty associated with 
forthcoming presidential election 
    * Says in China, we are seeing lower economic activity which 
limits number of major investments and economic development in 
country is difficult to assess at moment 
    * Says particularly pleasing to note the strong recovery in 
Europe in September after weak demand in June and 
July in the wake of the UK's decision to leave the EU 
    * Says European market is judged now to be considerably more 
stable than right after the UK referendum 
 
Source text for Eikon:  ID:nWkrjs5233  
Further company coverage:  NMAN.ST  
 
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