{"id":14816,"date":"2018-04-13T11:00:00","date_gmt":"2018-04-13T09:00:00","guid":{"rendered":"https:\/\/www.fmmattssongroup.com\/press-release\/weak-start-to-the-year-leads-to-lower-first-quarter-profit-in-2018\/"},"modified":"2018-04-13T11:00:00","modified_gmt":"2018-04-13T09:00:00","slug":"weak-start-to-the-year-leads-to-lower-first-quarter-profit-in-2018","status":"publish","type":"mfn_news","link":"https:\/\/www.fmmattssongroup.com\/en\/press-release\/weak-start-to-the-year-leads-to-lower-first-quarter-profit-in-2018\/","title":{"rendered":"Weak start to the year leads to lower first quarter profit in 2018"},"content":{"rendered":"<p><span>Net sales for FM Mattsson Mora Group in the first quarter of 2018 were approximately 4 percent lower than in the same period last year. The operating profit is expected to be approximately SEK 16.5 million compared to SEK 32.0 million in the same period in 2017. The main factors are lower sales volume and lower efficiency in production. Negative currency effects and higher sales costs due to increased market activities also impacted results negatively. Significant initiatives have been made within sales and marketing, specifically an increased number of sales personnel and increased attendance at industry fairs.<\/span><\/p>\n<p><span>All figures are preliminary and will be confirmed via the normal reporting process. The financial report for the first quarter of 2018 will be made public on 4 May 2018, which is earlier than previously communicated (previous date was 15 May 2018).<br \/>\u00a0 \u00a0<\/span><\/p>\n<p><span><strong>For further information, please contact:<br \/><\/strong><\/span><span>Fredrik Skarp, CEO: +46 70\u00a0541 55 41<br \/><\/span><span>Martin Gallacher, CFO: +46 250 59 62 25<br \/><\/span><span>Patrik Linzenbold, IR: +46\u00a0708 252630<br \/>\u00a0 \u00a0<\/span><\/p>\n<p><span>This information is such that FM Mattsson Mora Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 11.00 CET on 13 April 2018.<br \/>\u00a0 \u00a0\u00a0<\/span><\/p>\n<p><span>FM Mattsson Mora Group bedriver f\u00f6rs\u00e4ljning, tillverkning samt produktutveckling av vattenkranar under de starka och v\u00e4letablerade varum\u00e4rkena FM Mattsson, Mora Armatur och Damixa. Norden \u00e4r koncernens huvudmarknad och FM Mattsson Mora Group har idag en marknadsledande position i Sverige och \u00e4r en av de ledande akt\u00f6rerna i de \u00f6vriga nordiska l\u00e4nderna. Bolagets vision \u00e4r att vara en kvalitetsleverant\u00f6r och leverera rent vatten p\u00e5 ett energieffektivt s\u00e4tt. Bolaget ska g\u00f6ra det genom en h\u00e5llbar och modern design med skandinaviska r\u00f6tter. Koncernen omsatte \u00f6ver 1,1 miljard kronor och hade cirka 530 anst\u00e4llda 2017. Fortsatt tillv\u00e4xt ska ske genom att st\u00e4rka positionen p\u00e5 befintliga marknader samt v\u00e4xa som nischakt\u00f6r p\u00e5 utvalda marknader, organiskt och via f\u00f6rv\u00e4rv. FM Mattsson Mora Group \u00e4r noterat p\u00e5 Nasdaq Stockholm.<\/span><\/p>\n<div class=\"mfn-footer\">\n<p><span><strong><\/strong><\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Net sales for FM Mattsson Mora Group in the first quarter of 2018 were approximately 4 percent lower than in the same period last year. The operating profit is expected to be approximately SEK 16.5 million compared to SEK 32.0 million in the same period in 2017. The main factors are lower sales volume and [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-14816","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-ci","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn-regulatory-mar","mfn-news-tag-mfn","mfn-news-tag-mfn-ci-other","mfn-news-tag-mfn-regulatory"],"_links":{"self":[{"href":"https:\/\/www.fmmattssongroup.com\/en\/wp-json\/wp\/v2\/mfn_news\/14816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fmmattssongroup.com\/en\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/www.fmmattssongroup.com\/en\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/www.fmmattssongroup.com\/en\/wp-json\/wp\/v2\/media?parent=14816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}