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BRIEF-Fingerprint Cards Q2 operating profit below forecasts, inventory levels normalized
July 21, 2017 / 5:11 AM / a month ago

BRIEF-Fingerprint Cards Q2 operating profit below forecasts, inventory levels normalized

July 21 (Reuters) - Fingerprint Cards

* Fingerprint cards Q2 operating profit amounted to SEK 72.0 m

* Fingerprint cards Q2 revenues amounted to SEK 823.4 m (1,666.1), down 51% compared with Q2 of 2016

* Fingerprint cards Q2 - normalized inventory levels

* Fingerprint cards Q2 - towards end of quarter, inventory levels in value chain normalized as anticipated

* Fingerprint cards Q2 - as a result, our own inventories declined and all of our major customers ordered sensors from us

* Fingerprint Cards says market shares began to gradually rise again during the quarter

* Reuters poll: Fingerprint Q2 revenues seen at SEK 859 million, operating profit at SEK 155 million

* Cash flow from operating activities was SEK 528.0 m (530.4) Source text for Eikon: Further company coverage: (Reporting by Stockholm Newsroom)

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