Brief: Systemair fiscal Q3 operating profit lags forecast

Systemair AB

15/03/2018 07:04

March 15 (Reuters) - Systemair Ab  SYSR.ST :
    * REG-SYSTEMAIR AB INTERIM REPORT Q3 2017/18 - A QUARTER
AFFECTED
BY RESTRUCTURING COSTS
    * Q3 NET SALES INCREASED BY 3.4 PERCENT TO SEK 1,773 MILLION
    * Q3 OPERATING PROFIT (EBIT) TOTALLED SEK 68 MILLION
    * Q3 ORGANIC GROWTH WAS 4.0 PERCENT
    * Q3 OPERATING MARGIN WAS 3.8 PERCENT
    * REUTERS POLL: SYSTEMAIR Q3 EBIT SEEN AT SEK 113 MILLION,
SALES
AT 1,809 MILLION
    * SAYS PROFITS FOR QUARTER WERE SOMEWHAT A DISAPPOINTMENT
AND
IMPACTED BY LARGER PROJECT DELIVERIES WITH LOW MARGINS AND
NON-RECURRING ITEMS IN CONNECTION WITH CONTINUED RESTRUCTURING

Source text for Eikon:  ID:nGNErwz6X 
Further company coverage:  SYSR.ST 

 ((niklas.pollard@thomsonreuters.com;))