Brief: Nibe Industrier Q2 Revenue At SEK 9.66 Bln, Above Consensus

Nibe Industrier AB

18/08/2022 07:23

Aug 18 (Reuters) - Nibe Industrier AB  NIBEb.ST :
    * Q2 REVENUE SEK 9.66 BILLION VERSUS SEK 9.20 BILLION SEEN
IN
REFINITIV POLL
    * Q2 NET PROFIT SEK 1.24 BILLION VERSUS SEK 999.9 MILLION
SEEN IN
REFINITIV POLL
    * CONTINUED GOOD DEMAND BUT ALSO SEVERE MATERIALS AND
COMPONENT
SHORTAGES. ONE-OFF EXPENSES FROM WINDING UP RUSSIAN OPERATIONS
AND A ONE-OFF GAIN FROM DIVESTMENT OF AN ADDITIONAL 26% OF
SHARES IN SCHULTHESS
    * STRONG FIRST SIX MONTHS
    * " OBVIOUS DECISION TO WIND UP OUR RUSSIAN OPERATIONS
FOLLOWING
RUSSIA'S TERRIBLE INVASION OF UKRAINE BURDENED FIRST-QUARTER
OPERATING PROFIT BY A ONE-OFF EXPENSE OF SEK 114 MILLION IN FORM
OF ESTIMATED WRITE-DOWNS."
    * "EVEN THOUGH IT'S DIFFICULT TO MAKE PREDICTIONS IN CURRENT
BUSINESS CLIMATE, WE ARE CAUTIOUSLY OPTIMISTIC ABOUT 2022 THANKS
TO OUR GEOGRAPHIC SPREAD, FOCUS ON SUSTAINABILITY, STABLE
PROFITABILITY AND GOOD FINANCIAL PREPAREDNESS FOR FURTHER
OFFENSIVE ACQUISITIONS,"

Source text for Eikon:  ID:nGNEbrHCcp 
Further company coverage:  NIBEb.ST 

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