Brief: BioGaia Q2 Oper Profit Down At SEK 69.2 Mln

Biogaia AB

12/08/2021 07:15

Aug 12 (Reuters) - Biogaia AB  BIOGb.ST :
    * BIOGAIA INTERIM REPORT JANUARY - JUNE 2021
    * BIOGAIA AB - Q2 NET SALES AMOUNTED TO SEK 203.1 MILLION
(244.7),
A DECREASE OF 17% (EXCLUDING FOREIGN EXCHANGE EFFECTS, -8%).
    * BIOGAIA AB - Q2 OPERATING PROFIT DECREASED BY 31% TO SEK
69.2
MILLION (100.2), WHICH CORRESPONDS TO AN OPERATING MARGIN OF 34%
(41%)
    * BIOGAIA AB - CURRENTLY AND FOR OVER A YEAR NOW, COVID-19
SITUATION CONTINUES TO IMPACT OUR SALES AND EARNINGS
    * BIOGAIA AB - DURING FIRST AND ESPECIALLY Q2 OF LAST YEAR
MANY OF
OUR DISTRIBUTORS BUILT UP INVENTORIES TO AVOID BEING AFFECTED BY
ANTICIPATED DELIVERY DIFFICULTIES CONNECTED TO COVID-19 CRISIS
    * BIOGAIA AB - THIS HAS RESULTED IN GREATER FLUCTUATIONS
THAN
NORMAL IN OUR SALES AS WELL AS BETWEEN OUR REGIONS

Source text for Eikon:  ID:nWkr3nMN1L 
Further company coverage:  BIOGb.ST 

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