AQ Group's net sales and profit falls

The company reported net sales of SEK 1 594 million, down from SEK 1 677 million, while operating profit was SEK 95 million, down from SEK 118 million. Order bookings were also down, SEK 1 585 million from SEK 1 640 million. “The large decline in the industrial activity in Europe has reached part of the AQs customers which is reflected in lower demand,” the company said in a statement. As a result, 15 employees in Sweden were laid off in the third quarter the company said.