Boreo: Still a slow quarter - SEB
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Boreo: Still a slow quarter - SEB

We expect Boreo’s sales to have continued declining in Q3 due to a still challenging operating environment. We expect profitability actions to support, but earnings will probably take hit from a sales decline. Performance should start to improve towards the end of the year, but uncertainties still relate to the demand outlook. Leverage continues to block acquisition opportunities and hamper the M&A driven investment case.

We expect Boreo’s sales to have continued declining in Q3 due to a still challenging operating environment. We expect profitability actions to support, but earnings will probably take hit from a sales decline. Performance should start to improve towards the end of the year, but uncertainties still relate to the demand outlook. Leverage continues to block acquisition opportunities and hamper the M&A driven investment case.
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