Brief: Absolent Group Q1 EBIT Down At SEK 2.7 Mln

Absolent Air Care AB

04/05/2021 13:03

May 4 (Reuters) - Absolent Group AB  ABSO.ST :
    * ABSOLENT GROUP’S INTERIM REPORT Q1 2021
    * Q1 NET SALES AMOUNTED TO 233.1 MSEK (279.1) WHICH IS A
GROWTH OF
-16.5 % (33.5)
    * Q1 OPERATING PROFIT AFTER AMORTIZATION OF GOODWILL (EBIT)
AMOUNTED TO 2.7 MSEK (12.9) WITH A MARGIN OF 1.1 % (4,6)
    * Q1 WAS CHARACTERIZED BY AN ORDER INTAKE THAT WAS BACK TO
SAME
LEVELS AS BEFORE COVID PANDEMIC.
    * DESPITE AN INCREASE IN ORDER INTAKE, THERE IS ONLY A
SLIGHT
GROWTH IN SALES IN QUARTER, AS CAPACITY EXPANSION LAGS IN TIME
TOWARDS ORDER INTAKE.

Source text for Eikon:  ID:nNDL7RvszX 
Further company coverage:  ABSO.ST 

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