Brief: Sintercast Q2 Operating Result Down At SEK 5.5 Million

SinterCast AB

17/08/2022 07:14

Aug 17 (Reuters) - SinterCast AB  SINT.ST :
    * SINTERCAST RESULTS APRIL - JUNE 2022
    * Q2 REVENUE SEK 27.9 MILLION VERSUS SEK 28.2 MILLION YEAR
AGO
    * Q2 OPERATING RESULT SEK 5.5 MILLION VERSUS SEK 7.2 MILLION
YEAR
AGO
    * SEMICONDUCTOR SUPPLY HAS STARTED TO IMPROVE AND THIS
RECOVERY IS
EXPECTED TO SPAN WELL INTO 2023, FUELLING RECOVERY MOMENTUM FOR
AUTOMOTIVE AND FOUNDRY INDUSTRIES
    * WHILE ONSET OF WAR IN UKRAINE DISRUPTED SUPPLY OF SOME
SUBCOMPONENTS, PARTICULARLY FOR EUROPEAN OEMS, THIS CHALLENGE
HAS BEEN LARGELY OVERCOME AND HAS NOT HAD ANY SIGNIFICANT IMPACT
ON SINTERCAST PRODUCTION
    * OVERALL, MARKET OUTLOOK IS POSITIVE

Source text for Eikon:  ID:nMFN9pz1hB 
Further company coverage:  SINT.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))