Brief: Beijer Alma Q2 Oper Profit Down At SEK 79.0 Mln

Beijer Alma AB

21/08/2020 10:04

Aug 21 (Reuters) - Beijer Alma AB  BEIAb.ST :
    * DOWNTURN DUE TO COVID-19 BUT THE GROUP IS STANDING STRONG
FOR
THE FUTURE
    * EARNINGS WERE ALSO IMPACTED BY RESTRUCTURING COSTS
TOTALING MSEK
22.
    * AS EXPECTED, Q2 WAS AFFECTED BY COVID-19 IN FORM OF
EXTENSIVE
LOCKDOWNS ACROSS ALL OF SOCIETY AND A HISTORIC DOWNTURN IN
GLOBAL ECONOMY.
    * FOR BEIJER ALMA, PRIMARY EFFECT WAS A SHARP DROP IN ORDER
BOOKINGS AND SALES ACROSS SEVERAL BUSINESSES.
    * Q2 OPERATING PROFIT SEK 79.0 MILLION VERSUS SEK 162.7
MILLION
YEAR AGO
    * EARNINGS WERE ALSO IMPACTED BY RESTRUCTURING COSTS
TOTALING MSEK
22
    * DECREASE IN SALES AT HABIA CABLE WAS RELATED TO RATHER TO
LOWER
VOLUMES IN OFFSHORE PROJECTS
    * Q2 NET REVENUES SEK 962.7 MILLION VERSUS SEK 1.25 BILLION
YEAR
AGO

Source text for Eikon:  ID:nWkr8JDyWF 
Further company coverage:  BEIAb.ST 

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