Brief: Railcare Q4 Operating Profit Falls To SEK 1.5 Million

Railcare AB

20/02/2020 06:43

Feb 20 (Reuters) - Railcare Group AB  RAILG.ST :
    * Q4 CONSOLIDATED NET SALES INCREASED BY 18.9 PER CENT TO
SEK 93.5
MILLION (78.7)
    * Q4 OPERATING PROFIT SEK 1.5 MILLION VERSUS PROFIT SEK 2.2
MILLION YEAR AGO
    * BOARD OF DIRECTORS WILL PROPOSE THAT ANNUAL GENERAL
MEETING
APPROVE A DIVIDEND OF SEK 0.30 PER SHARE (0.00) FOR 2019
FINANCIAL YEAR
    * WE REPORT GOOD GROWTH IN SEGMENTS, CONSTRUCTION SWEDEN,
CONSTRUCTION ABROAD, AND MACHINE SALES DURING Q4 OF 2019
    * VOLUME GROWTH OF 19 PER CENT FOR GROUP IS LARGELY DUE TO
DELIVERY OF TWO GENERATOR WAGONS TO INFRANORD IN MACHINE SALES
SEGMENT
    * GOING FORWARD, WE HAVE EXCEPTIONALLY GOOD PROSPECTS FOR
OUR
CONTRACTING OPERATIONS IN SWEDEN
    * LINING OPERATIONS HAD A LOW VOLUME DURING QUARTER, WHICH
IS
NORMAL FOR THIS TIME OF YEAR
    * THERE IS HIGH PRESSURE IN RAIL INDUSTRY

Source text for Eikon:  ID:nWkrbdtgbs 
Further company coverage:  RAILG.ST 

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