Brief: Nobia Q3 Operating Profit Flat At SEK 267 Mln

Nobia AB

23/10/2019 12:03

Oct 23 (Reuters) - Nobia AB  NOBI.ST :
    * INTERIM REPORT JANUARY - SEPTEMBER 2019
    * Q3 NET SALES FOR Q3 AMOUNTED TO SEK 3,265M (3,143)
    * Q3 OPERATING PROFIT SEK 267M MILLION VERSUS SEK 267
MILLION YEAR
AGO
    * UNFAVOURABLE IMPACT OF FURTHER WEAKENING OF GBP AGAINST
EUR AND
HIGHER DIRECT MATERIAL COSTS
    * HIGHER AVERAGE SELLING PRICES AND A FAVOURABLE CUSTOMER
MIX
DEVELOPMENT.
    * SAYS POLITICAL INSECURITY OVER BREXIT CONTINUED TO HAMPER
DEMAND
AND INCREASED UNCERTAINTY IN UK MARKET
    * SAYS EVEN THOUGH IT IS DIFFICULT TO PREDICT SHORT-TERM
CONSEQUENCES OF A HARD BREXIT, NOBIA HAS TAKEN SEVERAL ACTIONS
TO MITIGATE RISK, INCLUDING BUILDING UP ITS OWN SAFETY STOCK,
SECURING SAFETY STOCK AT KEY SUPPLIERS AND ADMINISTRATIVE
ACTIONS TO MAKE IMPORT PROCEDURES AS SMOOTH AS POSSIBLE

Source text for Eikon:  ID:nWkr5HzhS7 
Further company coverage:  NOBI.ST 

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