HABO, Sweden, April 24, 2020 /PRNewswire/ -- The first
quarter:
- Order intake was MSEK 2,146 (1,588), which is an overall growth
of 35.1% adjusted to +7.1% for acquisitions of MSEK 418 and
currency effects of MSEK 28
- Net sales were MSEK 1,689 (1,594), which is an overall growth
of 6.0% adjusted to -14.0% for acquisitions of MSEK 289 and
currency effects of MSEK
29
- Operating profit was MSEK 10.7 (158.1) representing a 93.2%
decrease with an operating margin of 0.6
(9.9)%
- Earnings after tax were MSEK -16.4
(93.0)
- Earnings per share were SEK -0.10
(0.76)
- Cash flow from operating activities was MSEK 87.9 (82.2)
Comments from CEO Bodil
Sonesson:
- The first quarter has brought many challenges and we have dealt
with the one-off events arising in the first quarter.
- It would be too optimistic to expect that order intake
continues to improve under the current Covid-19 conditions, but the
Q1 growth is a strong signal of the work done during 2019 and the
new strategic alignment model within the Collection, Premium,
Professional and Infrastructure business areas, this is pleasing to
see. For further information please see
www.fagerhultgroup.com.
- Let me also say that I am extremely impressed and grateful for
the reaction, attitude, approach and efforts of everybody in the
Fagerhult Group in dealing with Covid-19. It is evidence of a
strong and supportive culture.
- As a CEO, I am pleased with the strong balance sheet and good
levels of liquidity, we have of course increased our focus on
working capital and cash generating activities as we do not know
for how long the Covid-19 condition remains.
- Turning to present and the future. We of course continue to
follow local authority and national government regulations.
However, we see changes here immediately affecting our business
performance.
- Our planning now looks to the second half of 2020 and further,
where we possibly see a reduction in activity and with a period of
time for the recovery to turn positive. We plan to be well prepared
for this.
- Finally we remain confident that we will emerge stronger from
the current pandemic situation with the objective to serve our
customers better and continue to provide great lighting
solutions.
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 12:00 CEST on 24th April
2020.
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 was brought to you by Cision
http://news.cision.com
https://news.cision.com/fagerhult/r/interim-report-january---march-2020,c3095526
The following files are available for download:
https://mb.cision.com/Main/1781/3095526/1235577.pdf
|
Fagerhult Group,
Interim report January â€" March 2020
|
View original
content:http://www.prnewswire.com/news-releases/fagerhult-interim-report-january---march-2020-301046732.html
SOURCE Fagerhult