Brief: Nilfisk Q3 EBITDA Ex-Items Rises To EUR 25.5 Mln

Nilfisk Holding A/S

24/11/2020 06:37

Nov 24 (Reuters) - Nilfisk Holding A/S  NLFSK.CO :
    * Q3 REVENUE EUR 202.5 MILLION VERSUS EUR 227.5 MILLION YEAR
AGO
    * DURING FIRST PART OF Q4 WE HAVE SEEN A CONTINUED POSITIVE
RECOVERY TREND IN DEMAND ACROSS ALL KEY MARKETS
    * Q3 EBITDA EX ITEMS EUR 25.5 MILLION VERSUS EUR 22.3
MILLION YEAR
AGO
    * SEES IN Q4 CONTINUED POSITIVE DEVELOPMENT IN GROSS MARGIN
DUE TO
IMPROVED UTILIZATION OF CAPACITY
    * DEMAND CONTINUED TO PICK UP MONTH-OVER-MONTH ACROSS ALL
KEY
MARKETS DURING Q3 WITH SOME MARKETS RECORDING POSITIVE GROWTH
RATES AT END OF QUARTER
    * OVERALL DEMAND IS STILL AT A LOWER LEVEL THAN USUAL DUE TO
NEGATIVE IMPACT FROM COVID-19
    * MAINTAIN CURRENT FINANCIAL GUIDANCE BUT EXPECT OUR
FULL-YEAR
RESULTS FOR 2020 TO MATERIALIZE TOWARDS THE TOP END OF THE RANGE

Source text: https://mfn.se/one/a/nilfisk-holding/nilfisk-q3-interim-report-2020-27b65cdd
 
Further company coverage:  NLFSK.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))