Xano Industri says market situation has improved

Xano Industri (STO: XANO B)which owns a number of engineering companies said that while some uncertainty remains, the situation seems to be less critical than at the end of last quarter. The company has managed to maintain margins and activity has stabilized at a level slightly below last year while inquiries are now increasing. Xano’s individual companies organized in business units Industrial Solutions, Precision Technology and Rotational Moulding serve clients in packaging medical, automotive, infrastructure and marine industries to name a few. Second quarter net revenue of 349 million SEK and operating profit of 29 million were both somewhat above comparison period while earnings per share for the quarter climbed to 3.1 SEK. The share responded positively.