Brief: Strax Q2 Operating Profit Swings To Loss EUR 0.2 Mln

Strax AB

28/08/2019 08:08

Aug 28 (Reuters) - Strax AB  STRAX.ST :
    * STRAX: INTERIM REPORT NO 2 FOR THE FINANCIAL YEAR 2019
    * Q2 OPERATING LOSS EUR 0.2 MILLION VERSUS PROFIT EUR 0.6
MILLION
YEAR AGO
    * APRIL-JUNE NET SALES EUR 22.0 MILLION VERSUS EUR 23.7
MILLION
YEAR AGO
    * POSITIVE DEVELOPMENT OF URBANISTA CONTINUED IN Q2 2019
WITH YOY
GROWTH OF 80%, CREATING VALUABLE ASSET FOR STRAX.
    * SALES AND GROSS MARGINS DECLINED IN H1 2019 FOLLOWING SALE
OF
GEAR4, AS EXPECTED
    * STRAX DOES NOT EXPECT SALES TO MATERIALLY DECLINE IN 2019
DESPITE SALE OF GEAR4 AND GROSS MARGIN IS EXPECTED TO REMAIN
STABLE OR IMPROVE IN 2019.

Source text for Eikon:  ID:nWkr3pQ9sm 
Further company coverage:  STRAX.ST 

 (Reporting by Aleksandra Jasiurska)
 ((Aleksandra.Jasiurska@thomsonreuters.com;))