Sweden's Lammhults Q3 order intake jumps 21%, net sales up 1.7%

By Reuters News


Overview

  • Sweden furniture group's Q3 net sales rose 1.7% yr/yr, driven by currency effects

  • Adjusted operating profit for Q3 increased to 11.5 mln SEK from 6.9 mln SEK

  • Order intake jumped 20.8% and order backlog rose 15.2% yr/yr


Outlook

  • Company maintains target of 8–10% EBIT margin in a normalised market

  • Company sees opportunities in geographical expansion and digital sales development

  • Lammhults plans continued investments in market presence, digitalisation, and product development


Result Drivers

  • OFFICE INTERIORS - Co said sales growth and improved profitability in Office Interiors helped drive results

  • LIBRARY WEAKNESS - Co said Library Interiors sales declined 4.6% yr/yr

  • COST CONTROL - Co attributed stable performance to continued cost control and positive mix effects


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Sales

SEK 208.90 mln

Q3 Adjusted Gross Margin

37.00%

Q3 Adjusted Operating Income

SEK 11.50 mln

Q3 Free Cash Flow

-SEK 4.80 mln

Q3 Order Backlog

SEK 218.10 mln


Reuters Recommended Reads

  • Oct 23 - Sweden's Lifco Q3 sales rise 8.3%, pretax profit tops estimates

  • Oct 23 - Sweden's Indutrade Q3 EBITA slightly beats estimates on strong order intake, pricing

  • Oct 22 - Finland's Lindex Group Q3 revenue rises on broad-based growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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