Brief: Tagmaster Q2 Adjusted EBITDA Falls To SEK 8.0 Mln

TagMaster AB

15/07/2022 07:36

July 15 (Reuters) - TagMaster AB  TAGMb.ST :
    * INTERIM REPORT JANUARY TO JUNE 2022
    * Q2 NET SALES DECREASED DURING Q2 BY 1,1% TO 87,9 MSEK
(88,9).
    * Q2 ADJUSTED EBITDA DECREASED DURING Q2 BY 24,8,5% TO 8,0
MSEK
(10,7)
    * Q2 OPERATING PROFIT WAS 0,9 MSEK (4,8) WHICH CORRESPOND TO
OPERATING MARGIN OF 1,0% (5,3)
    * DURING QUARTER, WE WERE AFFECTED BY COST INCREASES FOR
BOTH
ELECTRONIC COMPONENTS AND INPUT GOODS
    * WE HAVE A POSITIVE VIEW OF COMPANY'S DEVELOPMENT FOR
COMING
YEARS
    * STRATEGY AND VALUE-CREATING POTENTIAL HAVE NOT CHANGED
    * TAGMASTER IS WELL POSITIONED IN A MARKET WITH LONG-TERM
GOOD
CONDITIONS FOR GROWTH AND GOOD PROFITABILITY

Source text for Eikon:  ID:nWkr7jRqwC 
Further company coverage:  TAGMb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))