Brief: Dustin Q2 Adjusted EBITA Stable At SEK 154 Million

Dustin AB

01/04/2020 07:10

April 1 (Reuters) - Dustin Group AB  DUST.ST :
    * Q2: CONTINUED STABLE DEVELOPMENT DESPITE INCREASED MARKET
UNCERTAINTY
    * Q2 NET SALES ROSE 10.2 PER CENT TO SEK 3,543 MILLION
(3,215).
    * Q2 ADJUSTED EBITA AMOUNTED TO SEK 154 MILLION (154),
CORRESPONDING TO AN ADJUSTED EBITA MARGIN OF 4.3 PER CENT (4.8)
    * MARKET UNCERTAINTY REGARDING EFFECTS OF CORONAVIRUS HAS
INCREASED SIGNIFICANTLY
    * WE ARE REPORTING HEALTHY SALES GROWTH IN QUARTER, DESPITE
A
CONTINUED CAUTIOUS MARKET
    * RAPID SPREAD OF NOVEL CORONAVIRUS WILL HAVE AN IMPACT ON
OUR
BUSINESS IN SHORT AND PROBABLY LONGER TERM, AND MARKET
UNCERTAINTY HAS INCREASED SIGNIFICANTLY
    * START OF Q3 HAS BEEN CHARACTERIZED BY INCREASED DEMAND FOR
PRODUCTS AND ACCESSORIES FOR HOME OFFICES AMONG OUR B2B
CUSTOMERS IN NORDIC COUNTRIES
    * WE ARE ACTIVELY FOLLOWING DEVELOPMENTS AND ARE TAKING A
PROACTIVE APPROACH IN PREPARING FOR VARIOUS SCENARIOS DEPENDING
ON MARKET DEVELOPMENT

Source text for Eikon:  ID:nWkr7Frcpp 
Further company coverage:  DUST.ST 

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