Systemair expects 8.7% Q4 sales increase

SWEDEN: Systemair is predicting increased sales and profit for the fourth quarter to April above market expectations and an 8.7% uplift on the same period last year.

Preliminary figures are said to indicate net sales of SEK2,208m (€218m), with organic growth at 17.1%. This compares to a net sales decrease of 6.7% in the previous quarter.

The adjusted operating profit for the fourth quarter is expected to amount to SEK209m (€20.6m). Operating profit (EBIT) is expected at SEK173m (€17m).