Brief: Synsam Q3 EBITA Up At SEK 222 Mln

Synsam AB (publ)

17/11/2023 06:47

Nov 17 (Reuters) - Synsam AB (publ)  SYNSAM.ST :
    * SYNSAM GROUP'S Q3 REPORT 2023
    * Q3 NET SALES AMOUNTED TO SEK 1,450 MILLION (1,319), UP 9.9
PERCENT
    * Q3 EBITA INCREASED TO SEK 222 MILLION (169)
    * COST AND RESTRUCTURING PROGRAMME PHASE 1 IS HAVING
INTENDED
EFFECT
    * COST AND RESTRUCTURING PROGRAMME PHASE 2 IS NOW BEING
IMPLEMENTED AND IS EXPECTED TO TAKE EFFECT STARTING IN 2024.
    * IN Q3 OF 2023, WE ACHIEVED OUR MEDIUM-TERM PROFITABILITY
TARGET
OF AN EBITDA MARGIN OF 25 PERCENT OR HIGHER
    * DANISH MARKET CONTINUED TO FACE A GREAT DEAL OF
COMPETITION AND
CHALLENGES, WHICH AFFECTED SYNSAM DENMARK'S PERFORMANCE IN
QUARTER
    * STRONG GROWTH IN FINLAND CONTINUED AND ITS PROFITABILITY
IMPROVED
    * IN SWEDEN, SYNSAM FURTHER INCREASED ITS MARKET SHARE WITH
ORGANIC GROWTH OF 10 PERCENT WHILE EBITDA MARGIN STRENGTHENED
    * NORWAY CONTINUED TO IMPROVE, WITH ORGANIC GROWTH OF 8
PERCENT
AND A STRONGER EBITDA MARGIN

Source text for Eikon:  ID:nWkr87wsDW 
Further company coverage:  SYNSAM.ST 

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