Brief: Note Adjusts Forecast For Q3 And 2024

Note AB (publ)

19/09/2024 06:33

Sept 19 (Reuters) - Note AB (publ)  NOTE.ST :
    * NOTE ADJUSTS FORECAST FOR Q3 AND FULL YEAR 2024
    * FOR Q3 2024, TURNOVER IS EXPECTED TO BE BETWEEN SEK
790-810
MILLION WITH AN OPERATING MARGIN BETWEEN 7.5-8.0%
    * FOR Q4, SALES ARE EXPECTED TO BE BETWEEN SEK 975-1,025
MILLION
WITH AN OPERATING MARGIN OF AT LEAST 9.5%
    * FURTHER SLOWDOWN IN CUSTOMER DEMAND, PARTICULARLY IN
COMMUNICATIONS AND GREENTECH SEGMENTS
    * MARGIN DEVELOPMENT IS STRONGLY LINKED TO LOWER VOLUMES AND
ADJUSTMENTS OF COSTS ARE ONGOING.
    * LONG-TERM GOAL OF REACHING SALES OF SEK 7.5 BILLION BY
2027 AT
LATEST IS POSTPONED ONE YEAR TO 2028.
    * STRONG CASH FLOWS NOTE REPORTED FOR FIRST TWO QUARTERS OF
YEAR
ARE EXPECTED TO CONTINUE DURING 2024
    * FOR FULL YEAR 2024, TURNOVER OF SEK 3.83-3.90 BILLION WITH
OPERATING MARGIN IN RANGE OF 8.9-9.2% ARE EXPECTED

Source text for Eikon:  ID:nMFN4CRfVt 
Further company coverage:  NOTE.ST 

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