Brief: Troax Group Q4 Operating Profit Up At EUR 10.1 Million

Troax AB (publ)

13/02/2019 11:33

Feb 13 (Reuters) - Troax Group AB (publ)  TROAX.ST :
    * Q4 SALES EUR 43.5 MILLION VERSUS EUR 41.0 MILLION YEAR AGO
    * BOARD SUGGEST A DIVIDEND OF 5,00 (4,25) SEK (SWEDISH
KRONA) PER
SHARE.
    * Q4 OPERATING PROFIT EUR 10.1 MILLION VERSUS EUR 8.3
MILLION YEAR
AGO
    * GROUP'S DEVELOPMENT HAS BEEN POSITIVE ALSO DURING Q4
    * REDUCED ACTIVITY IN AUTOMOTIVE SECTOR DURING RECENT YEARS
RESULTED IN THIS AREA NOW ACCOUNTING FOR 10-12 PERCENT OF SALES
    * Q4 ORDERS SHOWED AN ORGANIC GROWTH OF AROUND 9 PER CENT
EXCLUDING CURRENCY IMPACT
    * UNIT IN HILLERSTOR IS EXPECTED TO REACH FULL PRODUCTION
SPEED
DURING FIRST HALF OF 2019
    * HAS DECIDED TO EXPAND ITS MACHINE CAPACITY IN OUR
OPERATIONS IN
ITALY
    * TROAX GROUP - EXPANSION OF MACHINE CAPACITY IN ITALY TO
HAPPEN
IN 2019-2020, SIZE OF INVESTMENT IS ABOUT 4-5 MEUR

Source text for Eikon:  ID:nWkr8KkhLs 
Further company coverage:  TROAX.ST 

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