Brief: Nibe Industrier Q3 Profit After Net Financial Items At SEK 1,598 Million
15/11/2023 07:10
Nov 15 (Reuters) - Nibe Industrier AB NIBEb.ST :
* REG-CONTINUED GOOD SALES AND EARNINGS PERFORMANCE
* Q3 PROFIT AFTER NET FINANCIAL ITEMS SEK 1,598 MILLION
VERSUS SEK
1,451 MILLION YEAR AGO
* OVERALL, GROWTH IN DEMAND HAS BEEN GOOD, BUT THERE ARE
LARGE
VARIATIONS BETWEEN MARKETS AND PRODUCT SEGMENTS - CEO
* OUTLOOK 2023: PROBLEMS RELATING TO SUB-SUPPLIERS HAVE
GRADUALLY
DIMINISHED OVER YEAR AND ARE NO LONGER OBSTACLE
* IMPROVEMENT IN COMPONENTS SUPPLY CHAIN THAT COULD BE SEEN
TOWARDS END OF FIRST HALF OF YEAR CONTINUED IN Q3, ENABLING US
TO BRING OUR OWN DELIVERY TIMES BACK TO NORMAL LEVELS
* CAUTIOUSLY OPTIMISTIC ABOUT OUR FULL-YEAR PERFORMANCE IN
2023
* OUTLOOK 2023: WE REMAIN CAUTIOUSLY OPTIMISTIC ABOUT OUR
FULL-YEAR PERFORMANC
* IN NEXT 3-4 YRS ALONE, ACCUMULATED INVESTMENTS EXPECTED
AROUND
SEK 10 BILLION, OF WHICH AROUND HALF WILL COMPRISE INCREASED
PRODUCTION CAPACITY
Source text for Eikon: ID:nGNE4wtKyC
Further company coverage: NIBEb.ST
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