Brief: ProfilGruppen Q3 Operating Profit Down At SEK 28 Mln

ProfilGruppen AB

18/10/2022 15:35

Oct 18 (Reuters) - Profilgruppen AB  PROFb.ST :
    * REDUCED DELIVERY VOLUME AND LOWER PROFIT IN THE THIRD
QUARTER
    * Q3 TURNOVER MSEK 612.3 (487.6), UP 26 PERCENT COMPARED TO
PREVIOUS YEAR
    * Q3 OPERATING PROFIT MSEK 28.0 (39.9), CORRESPONDING TO AN
OPERATING MARGIN OF 4.6 PERCENT (8.2)
    * DURING AUTUMN, DEMAND HAS DECLINED
    * MAIN CAUSE OF INCREASE IN TURNOVER ARE HIGHER RAW MATERIAL
PRICES
    * Q3 NET INCOME MSEK 17.1 (28.8)
    * Q3 CASH FLOW FROM OPERATING ACTIVITIES MSEK 10.5 (45.1)
    * IN Q3 DELIVERY VOLUMES HAVE DECREASED ABOUT 8%TO 7,675
TONNES OF
ALUMINIUM EXTRUSIONS
    * OUTLOOK FOR 2022:  IN Q4 EXPERIENCES CONTINUED LOWER LEVEL
OF
ACTIVITY AMONG CUSTOMERS THAN IN H1

Source text for Eikon:  ID:nMFN5Wzvd 
Further company coverage:  PROFb.ST 
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