Nfo Drives ABNGM: NFO

NFO: Gross margin hit multi-year highs in Q3 despite lower sales, with EBIT turning positive

· Issued by Nfo Drives AB

Q3 2024 saw lower sales but a sharp rise in gross margin and a return to positive EBIT, driven by cost savings and a favorable product mix. Product development continues, with new launches expected in 2025 amid ongoing market uncertainty.

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