Brief: Troax Group Q2 Operating Profit Rises To EUR 8.5 Mln

Troax AB (publ)

14/08/2019 11:42

Aug 14 (Reuters) - Troax Group AB (publ)  TROAX.ST :
    * TROAX GROUP: INTERIM REPORT JANUARY - JUNE 2019
    * APRIL - JUNE * ORDER INTAKE INCREASED BY 9 PER CENT TO
46,6
(42,9) MEUR. ADJUSTED FOR CURRENCY INCREASE WAS 8 PER CENT
    * APRIL-JUNE SALES INCREASED BY 3 PER CENT TO 42,3 (41,1)
MEUR
    * Q2 OPERATING PROFIT EUR 8.5 MILLION VERSUS EUR 7.7 MILLION
YEAR
AGO
    * AFTER A COMPARATIVELY WEAKER Q1 OF 2019, Q2 BECAME CLEARLY
BETTER - CEO
    * MARKET IN US HAS BEEN GOOD DURING Q2 AND WE CAN ONCE AGAIN
SEE A
GOOD DEVELOPMENT FOR OUR SALES UNDER TROAX BRAND
    * DEVELOPMENT IS POSITIVE ESPECIALLY IN CONTINENTAL EUROPE
AND IN
NORDIC REGION
    * WE CONTINUE TO INCREASE SALES AND MARKETING EFFORTS
ACCORDING TO
PLAN, BUT TO A LESSER EXTENT THAN IN Q1
    * AS BEFORE, BUSINESS FROM AUTOMOTIVE INDUSTRY WAS WEAK AND
WE DO
NOT EXPECT ANY IMMEDIATE IMPROVEMENT FROM THIS SEGMENT

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

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