Tången presents strong Q3 report
Net sales increased to SEK 597.2 million with 20% organic growth. Organic EBITA growth stood at 18% and the company has net cash.
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Net sales increased to SEK 597.2 million with 20% organic growth. Organic EBITA growth stood at 18% and the company has net cash.
Third quarter net sales rose 19.8% to MSEK 1,514.3 while adjusted EBITA increased 41.6%. Joacim Lindoff becomes CEO and a share savings program is canceled.
The company achieved $1.7 billion net income. CNA earned $1.2 billion. Boardwalk faces an $80 million lawsuit premium despite strong energy demand. Hotels grew EBITDA.
James Tisch retires on December 31st, succeeded by Ben Tisch. Second quarter net income reached $369 million.
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