Brief: Nibe Industrier Q2 Operating Profit Rises To SEK 682 Million
19/08/2020 07:17
Aug 19 (Reuters) - Nibe Industrier AB NIBEb.ST :
* REG-CONTINUED STABLE GROWTH – THE EFFECTS OF COVID-19 HAVE
BEEN
FENDED OFF RELATIVELY WELL
* DEMAND HAS VARIED BETWEEN DIFFERENT MARKET SEGMENTS WHERE
THOSE
WITH CLEAR SUSTAINABILITY CHARACTERISTICS, SUCH AS HEAT PUMPS,
CONTINUED TO PERFORM WELL
* IT IS ALSO GRATIFYING THAT DEMAND IN SEMICONDUCTOR
INDUSTRY HAS
SHOWN GOOD GROWTH, WHEREAS DOMESTIC APPLIANCE SECTOR,
TRADITIONAL AUTOMOTIVE INDUSTRY AND OIL AND GAS INDUSTRY HAVE
SEEN WEAKER GROWTH
* AFTER A WEAK PERIOD, DEMAND FOR STOVES, WHICH ARE
CONSIDERED
DURABLE GOODS, INCREASED TOWARDS END OF Q2
* EVEN THOUGH COVID-19 HAS AFFECTED US DURING FIRST HALF OF
YEAR,
EFFECTS HAVE BEEN FENDED OFF RELATIVELY WELL, WHICH RESULTED IN
CONTINUED STABLE GROWTH SO FAR THIS YEAR
* A FINAL DECISION ON DIVIDEND FOR 2019 WILL BE TAKEN BY
BOARD
AFTER END OF Q3."
* Q2 NET SALES SEK 6,227 MILLION VERSUS SEK 6,093 MILLION
YEAR AGO
* Q2 OPERATING PROFIT SEK 682 MILLION VERSUS SEK 659 MILLION
YEAR
AGO
Source text for Eikon: ID:nGNE989Kfq
Further company coverage: NIBEb.ST
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