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MQ estimates that the operating profit for the first quarter of 2018/2019 will rise to around SEK 12 million, compared to SEK 36 million for the corresponding period 2017/2018.
This is stated in a press release.
The share dropped by about 5% at 17:30.
The company notes that the weak trend seen in the fourth quarter of 2017/2018 continued in the first quarter of 2018/2019.
"Sales in the first two months did not develop as expected in a very difficult market, while November showed a positive trend," says the company.
The company notes that the figures are preliminary and will be complete for the months of September to November published on December 18.
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