Brief: Ferronordic Q1 Operating Profit Decreased By 9% To SEK 51 Mln

Ferronordic AB

13/05/2020 06:35

May 13 (Reuters) - Ferronordic AB  FNMA.ST :
    * FERRONORDIC AB (PUBL) INTERIM REPORT JANUARY - MARCH 2020
    * Q1 REVENUE INCREASED BY 55% TO SEK 1,118M (SEK 723M)
    * Q1 OPERATING PROFIT DECREASED BY 9% TO SEK 51M (SEK 56M)
    * AGAINST BACKDROP OF UNCERTAIN BUSINESS ENVIRONMENT CAUSED
BY
OUTBREAK OF COVID-19, Q1 2020 WAS RELATIVELY STRONG FOR
FERRONORDIC
    * BOARD HAS REVISED ITS PROPOSAL AND INSTEAD PROPOSES TO AGM
IN
2020 THAT NO DIVIDEND BE PAID

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