Brief: Troax Group April-June Sales Increased By 4 Pct To EUR 41.1 Mln

Troax AB (publ)

15/08/2018 11:34

Aug 15 (Reuters) - Troax Group AB (publ)  TROAX.ST :
    * APRIL-JUNE SALES INCREASED BY 4 PER CENT TO 41,1 (39,6)
MEUR.
    * Q2 ORDER INTAKE INCREASED BY 8 PER CENT TO 42,9 (39,8)
MEUR
    * APRIL-JUNE OPERATING PROFIT DECREASED TO 7,7 (8,2) MEUR.
    * INCREASED PRODUCTION COSTS DUE TO VERY HIGH CAPACITY
UTILIZATION
AT MAIN FACTORY IN HILLERSTORP
    * SAYS MARKET CONDITIONS IN US HAVE DURING Q2 BEEN GOOD BUT
SOMEWHAT CHAOTIC MAINLY DUE TO RAW MATERIAL PRICE INCREASES
    * SAYS DEVELOPMENT IN UK HAS DURING QUARTER BEEN CLEARLY
POSITIVE
    * PRODUCTION CAPACITY IN HILLERSTORP WILL BE INCREASED AT
END OF
YEAR THROUGH AN INVESTMENT OF ABOUT 5 MEUR

Source text for Eikon:  ID:nWkr2TCQr4 
Further company coverage:  TROAX.ST 

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