reversal

The result includes a positive one-off boost from a partial reversal of a restructuring provision, but even excluding this, the operating profit and margin were still well above consensus, he says.

That was in line with economist forecasts for the month and a reversal from August’s slight decline in sales.

“What I found really fascinating with the reversal of having Lövborg be a woman is also that you could write yourself into the picture in moments.”

"However, we saw a reversal in our own sales trends in September and we will continue to see positive effects from our cost and cash programme."

Its right side of the pattern started after a bullish island reversal was completed on May 12 with the gap up, following a gap down on March 27.