Brief: Beijer Electronics AB Q2 EBIT Falls To SEK 7.9 Million

Ependion AB

14/07/2020 07:07

July 14 (Reuters) - Beijer Electronics Group AB  BELE.ST :
    * INTERIM REPORT JANUARY-JUNE 2020: COVID-19 IMPACTING
OPERATIONS
BUT FAST ACTION MITIGATES ITS EFFECTS
    * Q2 ORDER INTAKE SEK 335 MILLION VERSUS SEK 377 MILLION
YEAR AGO
    * Q2 NET SALES SEK 357 MILLION VERSUS SEK 381 MILLION YEAR
AGO
    * Q2 EBIT SEK 7.9 MILLION VERSUS SEK 21.5 MILLION YEAR AGO
    * Q2 LOSS AFTER TAX SEK 0.8 MILLION VERSUS PROFIT SEK 13.7
MILLION
    * SAYS OUR AMBITION IS TO EMERGE STRONGER FROM THE COVID-19
CRISIS
WITH A SMOOTH-FUNCTIONING AND EVEN LEANER ORGANIZATION
    * SAYS WE ANTICIPATE NO CHANGES IN GLOBAL ECONOMIC ACTIVITY
IN
SHORT TERM
    * COMPARED TO Q1, WHEN COVID-19 IMPACT WAS FAIRLY LIMITED,
AS
EXPECTED, EFFECTS WERE GREATER IN Q2, WITH LOWER DEMAND IN MANY
REGIONS

Source text for Eikon:  ID:nWkr8RmmNh 
Further company coverage:  BELE.ST 

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