Picture of New Nordic Healthbrands AB logo

NNH New Nordic Healthbrands AB News Story

0.000.00%
se flag iconLast trade - 00:00
Consumer DefensivesSpeculativeMicro CapContrarian

Brief: New Nordic Healthbrands AB Q1 Group's Net Sales In Sek Decreased By 7.9% To Sek 132.5 Million

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

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

Recent news on New Nordic Healthbrands AB

See all news