Neo Industrial 1-9/2019: Turnover weakened, cash flow strengthened from the previous year

NEO INDUSTRIAL PLC                         BUSINESS REVIEW                         22 OCTOBER 2019 at 9:00 AMIn August Jukka Poutanen was appointed as Neo Industrial Plc and its subsidiary Reka Cables Ltd Managing Director starting August 12, 2019.KEY FIGURESSEGMENTS

Neo Industrial’s business segment is Cable Industry.
Reka Cables has taken immediate steps to increase sales force.For the financial year 2019, Neo Industrial’s operating result without items affecting comparability is expected to clearly decrease from the year 2018.Neo Industrial Plc
Board of Directors

All comments in this report that do not refer to actual facts are future estimates. Such estimates include expectations concerning market trends, growth and profitability as well as statements including the words “believe”, “assume” or “will be” or a similar expression. Since these estimates are based on current plans and estimates, they involve risks and uncertainty factors that may cause the actual results to differ substantially from current statements.
Neo Industrial’s strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial’s class B shares are listed on the main list of NASDAQ Helsinki Stock Exchange. Neo Industrial’s business segment is Cable Industry.

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