HABO, Sweden, Aug. 12, 2020 /PRNewswire/ --
The second quarter:
- Order intake was MSEK 1,655 (2,201), a decline of -24.8%
adjusted to -24.0% for currency effects of MSEK -18
- Net sales were MSEK 1,726 (2,055), a decline of -16.0% adjusted
to -15.5% for currency effects of MSEK -11
- Operating profit was MSEK 153.6 (174.8), a decrease of 12.1%
with an operating margin of 8.9 (8.5)%
- Earnings after tax were MSEK 98.8 (114.5)
- Earnings per share were SEK 0.55
(0.74)
- Cash flow from operating activities was MSEK 230.2 (146.0)
Comments from CEO Bodil
Sonesson:
- Whilst continuing to successfully manage the Covid-19
challenges the group has delivered a respectable operating result
in the quarter.
- My sincere thanks and gratefulness go to every Group colleague.
It has been a challenging episode but with great collaboration,
hard work and a supportive company culture the second quarter
exceeded expectations.
- I am happy to announce our second competence centre for our
Organic Response technology, this will be based in Linköping,
Sweden and opened beginning of
August.
- At 1,685 MSEK, we started the second quarter with a healthy
order backlog. I expect the lower second quarter order intake will
be a challenge for net sales for the remainder of the year. The
reducing cost base will support the operational result.
- We have a strong balance sheet and a healthy liquidity
situation. We continue to increase our focus on cash generating
activities as we do not know for how long the conditions will
remain.
- We continue our strategic work with the new business area
structure and we have identified many significant growth
opportunities.
- The Group is well prepared for the future and is in a healthy
condition. We will emerge strategically stronger from the current
situation.
CONTACT:
Disclosures may be submitted by
Bodil Sonesson CEO, mobile: +46 722 23 76 02
e-mail: bodil.sonesson@fagerhultgroup.com
Michael Wood CFO, mobile: +46 730 87 46 47 e-mail:
michael.wood@fagerhultgroup.com
This information is inside information that AB Fagerhult (publ)
is obliged to make public pursuant to the EU Market Abuse
Regulation and information that AB Fagerhult (publ) is obliged to
make public pursuant to the Securities Markets Act.
The information was submitted for publication, through the
agency of the contact person set out above, at 11:15 CET on
August 12, 2020.
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Fagerhult, Interim
Report January-June 2020
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SOURCE Fagerhult