April 29 (Reuters) - New Nordic Healthbrands AB NWND.ST:
Q1 GROUP'S NET SALES IN SEK DECREASED BY 7.9% TO SEK 132.5 MILLION (143.8)
Q1 GROSS MARGIN DECREASED TO 62.4 PERCENT (64.6 PERCENT)
Q1 OPERATING PROFIT DECLINED TO SEK -1.5 MILLION (4.9).
Q1 PROFIT FOR PERIOD AFTER TAX DECREASED TO SEK -2.9 MILLION (2.7)
WEAKER START TO YEAR WAS PRIMARILY DRIVEN BY LOWER SALES VOLUMES TO KEY CUSTOMERS IN UK AND CANADA -CEO
OVERALL, WE WERE SURPRISED BY WEAK START TO YEAR, BUT WE ARE WELL POSITIONED TO GENERATE GROWTH IN BOTH SALES AND PROFITABILITY -CEO
Source text: ID:nBQN6J8wQd
Further company coverage: NWND.ST
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