Brief: Nibe Q3 Operating Profit Down At SEK 912 Mln

Nibe Industrier AB

15/11/2024 07:18

Nov 15 (Reuters) - Nibe Industrier AB  NIBEb.ST :
    * Q3 NET SALES SEK 9,967 MILLION VERSUS SEK 11,514MLN YEAR
AGO
    * Q3 OPERATING PROFIT SEK 912 MILLION VERSUS SEK 1,779
MILLION
YEAR AGO
    * SOME  IMPROVEMENT IN DEMAND IS EXPECTED IN THE SECOND HALF
OF
THE YEAR
    * INVENTORY LEVELS IN DISTRIBUTION CHAINS ARE  EXPECTED TO
BE AT
MORE ACCEPTABLE LEVELS IN MOST MARKETS
    * FURTHER INVESTMENTS IN  CAPACITY EXPANSION HAVE BEEN
POSTPONED
PENDING INCREASE IN DEMAND

Source text:  ID:nMFNbyt5zs 
Further company coverage:  NIBEb.ST 

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