NCAB Group Interim report January – June 2019

This morning, we have published our Interim report for the second quarter 2019. During the quarter, net sales increased 14% to SEK 473 million, while EBITA was SEK 37.3 million, representing an EBITA margin of 7.9%.

Hans Ståhl, CEO NCAB Group

“It was a good quarter for NCAB despite raised tariffs. There was a somewhat weaker growth in the quarter in both sales and order intake, however earnings remained strong – up 17 per cent year-on-year”, said NCAB’s CEO Hans Ståhl.

“The higher tariffs from China to the USA not only impacted our US operations but also parts of our sales in China whose final destination is the USA. To mitigate this, we have – among other actions – partnered with a Taiwanese manufacturer for the US market in order to offer American customers import without tariffs. Thanks to our strong purchasing power, we also succeeded in reducing prices from our factories, which should strengthen our competitiveness moving forward.”

Read the full report here »