Brief: Troax Group Q3 Operating Profit Down At EUR 9.3 Mln

Troax AB (publ)

28/10/2020 11:39

Oct 28 (Reuters) - Troax Group AB (publ)  TROAX.ST :
    * TROAX GROUP: INTERIM REPORT JANUARY - SEPTEMBER 2020
    * Q3 ORDER INTAKE DECREASED BY 5 PERCENT TO 38,1 (40,0) MEUR
    * Q3 SALES EUR 42.0 MILLION VERSUS EUR 42.2 MILLION YEAR AGO
    * Q3 OPERATING PROFIT EUR 9.3 MILLION VERSUS EUR 9.8 MILLION
YEAR
AGO
    * REDUCED ORDER INTAKE BY 5% DURING QUARTER, WHICH CAN BE
DESCRIBED AS A GOOD DEVELOPMENT COMPARED TO CONDITIONS DUE TO
COVID
    * QUARTER WAS LESS TURBULENT THAN EXPECTED
    * CONTINUED WEAK DEMAND FROM AUTOMOTIVE SECTOR AND A
GENERALLY
LOWER DEMAND FROM SMALL AND MEDIUM-SIZED CUSTOMERS

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

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