Brief: Nederman Q3 Net Profit Falls To SEK 31.5 Mln

Nederman Holding AB

23/10/2020 07:07

Oct 23 (Reuters) - Nederman Holding AB  NMAN.ST :
    * INTERIM REPORT JANUARY-SEPTEMBER 2020
    * Q3 INCOMING ORDERS AMOUNTED TO SEK 827M (965)
    * Q3 NET SALES AMOUNTED TO SEK 826M (1,089)
    * Q3 ADJUSTED OPERATING PROFIT WAS SEK 63.5M (77.9), GIVING
AN
ADJUSTED OPERATING MARGIN OF 7.7 PERCENT (7.2)
    * Q3 NET PROFIT WAS SEK 31.5M (52.8)
    * DURING FIRST TWO MONTHS OF QUARTER, DEMAND REMAINED HIGHLY
RESTRAINED, WHILE WE WERE ABLE TO DISCERN SOME IMPROVEMENT AT
END OF QUARTER
    * EFFECTS OF NATIONAL LOCKDOWNS AND OTHER TYPES OF
RESTRICTIONS
THROUGHOUT WORLD CONTINUED TO HAVE A SIGNIFICANT NEGATIVE IMPACT
ON NEDERMAN'S SALES
    * FOR Q4 OF YEAR, NEDERMAN EXPECTS EFFECTS OF COVID-19
PANDEMIC TO
REMAIN CONSIDERABLE IN MOST OF GROUP'S MARKETS.

Source text for Eikon:  ID:nWkr1tCTfH 
Further company coverage:  NMAN.ST 

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