Neo Industrial plc Reports Interim Management Statement for the Period from January 1, 2014 to May 8, 2014; Provides Guidance for the Full Year of 2014
The outlook for the Cable segment weakened during 2013. On the horizon, construction is not picking up in Finland or in Sweden yet, but at least some delayed projects are believed to materialize in 2014. Additionally, grid constructors are expected to boost ground cabling projects to ensure distribution reliability. Therefore the net sales of the Cable Segment are expected to increase from 2013 and the operating result is expected to be positive.