Brief: Fjordkraft Holding Sees Q1 EBIT Adjusted Of About NOK 210 Mln

Elmera ASA

16/04/2021 06:03

April 16 (Reuters) - Fjordkraft Holding ASA  FKRAFT.OL :
    * FJORDKRAFT HOLDING ASA: Q1 2021 CUSTOMER GROWTH AND GROUP
EBIT
ADJUSTED ESTIMATE
    * GROUP EXPECTS TO REPORT AN EBIT ADJUSTED OF ABOUT 210 MNOK
IN Q1
2021 (Q1 2020: 238 MNOK)
    * GROUP EXPECTS TO REPORT AN Q1 EBIT ADJUSTED MARGIN OF
ABOUT 41%
(Q1 2020: 49%)
    * IT HAS BEEN A TOUGH Q1 DUE TO MARKET DYNAMICS, COVID-19
AND
NEGATIVE MEDIA ATTENTION
    * IN Q1, GROUP EXPERIENCED A NEGATIVE ONE-OFF EFFECT OF
ABOUT
10,900 DELIVERIES FROM INNLANDSKRAFT TRANSACTION, PRIMARILY DUE
TO STOP OF SALES ACTIVITIES AND TERMINATION OF EIDSIVA BRAND
    * DEVELOPMENT IN SALES FIGURES IN BUSINESS SEGMENT, MOBILE
AND
EXTENDED ALLIANCE ARE UPLIFTING, AND WE EXPECT A POSITIVE GROWTH
IN CONSUMER SEGMENT ONCE COVID RESTRICTIONS ARE LIFTED

Source text for Eikon:  ID:nObiZWdVKa 
Further company coverage:  FKRAFT.OL 

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