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Lagercrantz's profit up by 26% in Q3 2018/19.

NORDIC BUSINESS REPORT-January 30, 2019-Lagercrantz's profit up by 26% in Q3 2018/19

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Technology group Lagercrantz Group AB (STO: LAGRB) reported on Tuesday profit after taxes of SEK88m for the third quarter of 2018/19, from 1 October 2018 to 31 December 2018.

This was a 26% increase over profit after taxes of SEK70m in Q3 2017/18.

EPS for the latest 12-month period increased by 18% to SEK4.82, as compared with SEK4.07 in the corresponding period of the prior year.

Net revenues for the quarter increased by 14% to SEK1,011m, as compared with SEK888m in 2017/18. Organically, net revenues increased by 7%.

Lagercrantz Group sells products and solutions in the fields of electronics and communications. The company's product line includes special components and modules, wiring harnesses, as well as products and solutions in security and communication.

(EUR1.00=SEK10.36)

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Title Annotation:Lagercrantz Group AB
Publication:Nordic Business Report
Article Type:Brief article
Date:Jan 30, 2019
Words:164
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