Brief: Elanders Q1 Adj. EBITA Down At SEK 81 Mln

Elanders AB

28/04/2020 12:07

April 28 (Reuters) - Elanders AB  ELANb.ST :
    * REG-QUARTERLY REPORT JANUARY – MARCH 2020
    * Q1 NET SALES WERE MSEK 2,572 (2,806), WHICH WAS A
REDUCTION BY
ELEVEN PERCENT ORGANICALLY
    * Q1 ADJUSTED EBITA WAS MSEK 81 (113) AND ADJUSTED EBITA
MARGIN
WAS 3.1 (4.0) PERCENT
    * CORONAVIRUS HAD A VERY TANGIBLE NEGATIVE EFFECT ON NET
SALES AND
RESULT IN Q1 AND IS EXPECTED TO HAVE A CONSIDERABLY GREATER
NEGATIVE EFFECT IN Q2
    * IN LIGHT OF ENHANCED FINANCIAL UNCERTAINTY DUE TO OUTBREAK
OF
CORONAVIRUS, AND AS A PRECAUTIONARY MEASURE, BOARD CONSIDERS IT
MOTIVATED TO WITHDRAW DIVIDEND PROPOSAL
    * BOARD WILL THEREFORE INSTEAD PROPOSE THAT ANNUAL GENERAL
MEETING
ON 25 JUNE 2020 DECIDE THAT NO DIVIDEND BE DISTRIBUTED

Source text for Eikon:  ID:nGNE2cHsW7 
Further company coverage:  ELANb.ST 

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