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Significantly improved operating profit in the second quarter due to management of raw material spend

MAR

ProfilGruppen's preliminary financial statements show a significant improvement in earnings for the second quarter of 2022. Operating profit is expected to amount to approximately SEK 80 million after a positive effect of SEK 40 million generated by the company’s management of raw material spend in a volatile market with a sharp fall in aluminum prices. The conditions for a corresponding effect in the coming quarters are not present.

For more information, please contact:
Fredrik Zöögling, President and CEO
Mobile: +46 (0) 70-932 16 50
E-mail: fredrik.zoogling@profilgruppen.se
 
Current information and photographs for free publication are available at www.profilgruppen.se.

ProfilGruppen AB in Åseda is a supplier of turnkey customised aluminium components and extrusions. Our vision is that we will be the preferred provider of innovative solutions for aluminium extrusions in northern Europe.

This information is information that ProfilGruppen AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-07-08 15:30 CEST.

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ProfilGruppen Significantly Improved Operating Profit In The Second Quarter Due To Management Of Raw Material Spend

Datum 2022-07-08, kl 15:30
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ProfilGruppen Significantly Improved Operating Profit In The Second Quarter Due To Management Of Raw Material Spend