Brief: Actic Group AB Q1 EBIT Falls To SEK 13.5 Million

Actic AB

08/05/2019 06:59

May 8 (Reuters) - Actic Group AB  ATIC.ST :
    * HIGH PACE IN THE ADJUSTMENT PROCESS
    * Q1 EBIT AMOUNTED TO SEK 13.5 MILLION (21.0), CORRESPONDING
TO A
MARGIN OF 5.4 (8.6) %
    * Q1 NET SALES SEK 253 MILLION VERSUS SEK 244 MILLION YEAR
AGO
    * SAYS ALTHOUGH WE SAW GROWTH IN REVENUE FROM GYM CARDS AND
GROWTH
IN ARPM, UNDERLYING EARNINGS TREND WAS HIGHLY UNSATISFACTORY
    * SAYS COST TREND DURING Q1 WAS PRIMARILY DRIVEN BY
CONSULTING
COSTS FOR CENTRAL ADJUSTMENT WORK AND INCREASED INVESTMENTS IN
MARKETING ACTIVITIES

Source text for Eikon:  ID:nWkr6VXr9F 
Further company coverage:  ATIC.ST 

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