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NREST: Sales mix shift drives margin pressure, but strong cash and new MRE order support outlook

NREST: Sales mix shift drives margin pressure, but strong cash and new MRE order support outlook

Nordrest Holding AbNovember 12, 20243
NREST: Sales mix shift drives margin pressure, but strong cash and new MRE order support outlook

About this update from Nordrest Holding Ab

Q3 sales fell 3% year-over-year due to lower Defense/MRE volumes, but strong growth was seen in Travel, Healthcare, and Education. EBITA margin declined to 9.0%, while net debt turned negative and a major MRE order was secured for future delivery.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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