Brief: Note Expects Continued Positive Earnings Trend For Q3

Note AB (publ)

18/09/2020 07:34

Sept 18 (Reuters) - Note AB (publ)  NOTE.ST :
    * CONTINUED STRONG EARNINGS DEVELOPMENT IN NOTE DESPITE A
SLIGHTLY
WEAKER MARKET DURING Q3
    * FOR Q3, A CONTINUED POSITIVE EARNINGS TREND IS EXPECTED
    * OPERATING MARGIN FOR Q3 IS ESTIMATED TO AMOUNT TO
APPROXIMATELY
8.0%, WHICH MEANS A SIGNIFICANT INCREASE IN MARGINS COMPARED
WITH LAST YEAR
    * DEVELOPMENT IS PARTICULARLY STRONG IN SWEDEN AND FINLAND
    * HOWEVER, DEMAND IN ENGLAND AND CHINA IS AT A LOWER LEVEL,
PRIMARILY AS AN EFFECT OF CURRENT PANDEMIC
    * SALES GROWTH DURING Q3 - MEASURED IN LOCAL CURRENCIES -
BEING
EXPECTED TO AMOUNT TO AROUND 3%, WHICH IS SLIGHTLY LOWER THAN
OUR GROWTH TARGET

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

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 587785110;))