Brief: Troax Group Q3 Oper Profit Up At EUR 14.7 Mln
26/10/2021 11:39
Oct 26 (Reuters) - Troax Group AB (publ) TROAX.ST :
* INTERIM REPORT JANUARY- SEPTEMBER 2021
* Q3 ORDER INTAKE INCREASED BY 80 PERCENT TO 68,5 (38,1)
MEUR
* Q3 SALES INCREASED BY 56 PERCENT TO 65,5 (42,0) MEUR
* TROAX INCREASED ORDER INTAKE BY 47% ORGANICALLY DURING
QUARTER,
WHICH IS INDICATIVE OF CONTINUING STRONG INCREASE IN VOLUME AND
ACTIVITY WE HAVE BEEN EXPERIENCING
* Q3 OPERATING PROFIT INCREASED TO 14,7 (9,3) MEUR
* DURING QUARTER, OUR PRODUCTION UNITS HAD A VERY GOOD
UTILIZATION
RATE, DRIVEN BY STRONG ORDER INTAKE DURING SECOND AND THIRD
QUARTERS
* OUR NEW ACQUISITION NATOM LOGISTIC IN POLAND ALSO SHOWS A
CONTINUED POSITIVE DEVELOPMENT THIS QUARTER, BOTH IN TERMS OF
ORDER INTAKE AND EARNINGS
* GROSS MARGIN HAS BEEN POSITIVELY AFFECTED BY GOOD CAPACITY
UTILIZATION AND SALES PRICES HAVE, WITH SOME LAG, CONTINUED TO
INCREASE DURING QUARTER.
Source text for Eikon: ID:nWkrH4FrZ
Further company coverage: TROAX.ST
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