Brief: Nibe Industrier Q3 Operating Profit Up At SEK 1.20 Bln
17/11/2021 07:32
Nov 17 (Reuters) - Nibe Industrier AB NIBEb.ST :
* Q3 NET SALES SEK 7,823 MILLION VERSUS SEK 6,889 MILLION
YEAR AGO
* Q3 OPERATING PROFIT SEK 1,202 MILLION VERSUS SEK 1,036
MILLION
YEAR AGO
* TOTAL DEMAND IN THE PERIOD WAS UNUSUALLY GOOD
* KEY TREND DRIVING DEVELOPMENT HAS BEEN THE STRONG DEMAND
FOR
PRODUCTS INTENDED FOR RENOVATION OF FAMILY HOMES, WHICH CAN BE
DIRECTLY ATTRIBUTED TO THE PANDEMIC
* WITH REGARD TO CONTINUOUS SHORTAGES OF MATERIALS,
PRODUCTIVITY
DEVELOPMENT HAS NOT ACHIEVED THE SET TARGET
* SITUATION INVOLVING COMPONENT SHORTAGES AND DELAYED AND
OFTEN
UNCERTAIN NOTIFICATIONS OF DELIVERY IS EXPECTED TO REMAIN
UNCHANGED FOR THE REST OF THE YEAR
Source text for Eikon: ID:nGNE2xsTXF
Further company coverage: NIBEb.ST
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