Brief: Ambea Q1 EBITDA Falls To SEK 152 Mln

Ambea publ AB

04/05/2021 06:07

May 4 (Reuters) - Ambea AB (publ)  AMBEA.ST :
    * AMBEA'S INTERIM REPORT JANUARY-MARCH 2021
    * IN Q1, NET SALES AMOUNTED TO SEK 2,727 MILLION (2,811)
    * Q1 SALES WERE LOWER YEAR-ON-YEAR DUE TO LOWER OCCUPANCY
RESULTING FROM COVID-19 SITUATION AND LEAP DAY IN 2020
    * FIRST-QUARTER EBITA DECLINED 12 PER CENT TO SEK 152
MILLION
    * Q1 OPERATING PROFIT (EBIT) INCREASED TO SEK 125 MILLION
(144)
    * DURING QUARTER, AMBEA ESTIMATES NEGATIVE IMPACT OF
COVID-19
SITUATION TO BE ABOUT SEK 100 MILLION ON NET SALES AND SEK 40
MILLION ON EBITA
    * NEGATIVE EFFECTS OF CORONAVIRUS PANDEMIC ON COMPANY ARE
EXPECTED
TO CONTINUE IN 2021
    * IN Q2, ESTIMATED NEGATIVE IMPACT IS SEK 90-100 MILLION ON
SALES
AND SEK 40-50 MILLION ON EBITA

Source text for Eikon:  ID:nWkr1GT0wz 
Further company coverage:  AMBEA.ST 

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