Brief: Troax Group Q3 Operating Profit Increases To EUR 9.8 Mln

Troax AB (publ)

07/11/2019 11:34

Nov 7 (Reuters) - Troax Group AB (publ)  TROAX.ST :
    * TROAX GROUP INTERIM REPORT JANUARY- SEPTEMBER 2019
    * THERE HAS BEEN AN INCREASED ORDER INTAKE IN EUROPE
    * IN SUMMARY, TROAX SHOWS A STRONG RESULT FOR Q3 OF 2019.
    * Q3 OPERATING PROFIT INCREASED TO 9,8 (8,6) MEUR
    * DURING THIS QUARTER, WE HAVE NOTED CONTINUED WEAK ACTIVITY
FROM
AUTOMOTIVE SECTOR, MAINLY AFFECTING CHINA AND US (FOLDING GUARD)
    * WE ARE STILL DEVOTING A GREAT DEAL OF TIME AND EFFORT INTO
INTEGRATION AND IMPROVEMENT OF OUR FOLDING GUARD UNIT IN CHICAGO
    * JULY-SEPT ORDER INTAKE WAS UNCHANGED COMPARED TO PRIOR
YEAR AND
AMOUNTED TO 40.0 (40.1) MEUR
    * Q3 SALES EUR 42.2 MILLION VERSUS EUR 39.7 MILLION YEAR AGO
    * INVESTMENTS IN INCREASED PRODUCTION CAPACITY AT OUR PLANTS
IN
SWEDEN AND ITALY ARE PROCEEDING ACCORDING TO PLAN
    * EXPECT GOOD FIGURES WE SHOWED FOR Q4 OF 2018 WILL BE A
CHALLENGE
IN TERMS OF ORDER INTAKE IN Q4

Source text for Eikon:  ID:nWkr5cGtYy 
Further company coverage:  TROAX.ST 

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