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NMAN Nederman Holding AB News Story

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Sweden's Nederman Q1 profit down on postponed investments

Overview

Sweden industrial air filtration firm's Q1 orders fell 6.7% currency-neutral, revenue down 2.0%

Adjusted EBITA margin dropped to 9.3% from 10.1% yr/yr

CEO cites postponed industrial investments and weak USD as factors behind lower orders and profit

Outlook

Company says customers may continue to delay major investments due to macroeconomic uncertainty

Nederman expects ongoing volatility and geopolitical risks to impact market conditions

Company maintains positive long-term outlook for industry despite short-term uncertainty

Result Drivers

POSTPONED INDUSTRIAL INVESTMENTS - Co said delayed decisions on major industrial investments dampened demand for air filtration, leading to lower orders and revenue

CURRENCY EFFECTS - Earnings negatively impacted by currency effects, primarily a continued weak USD

STRONG SALES IN ENERGY-EFFICIENT PRODUCTS - Co saw continued strong sales of its energy-efficient fan for textile plants and growing interest in digital solutions

Company press release: ID:nWkr29djQC

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesSEK 1.26 bln
Q1 EPSSEK 1.31
Q1 Net IncomeSEK 45.90 mln
Q1 Adjusted EBITASEK 117.40 mln
Q1 Adjusted EBITA Margin9.30%
Q1 OrdersSEK 1.27 bln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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