Brief: Garo Q1 EBIT Down At SEK 18.8 Mln

Garo AB

19/05/2020 13:33

May 19 (Reuters) - Garo AB  GARO.ST :
    * INTERIM REPORT JANUARY - MARCH 2020
    * Q1 NET SALES SEK 248.3 MILLION VERSUS SEK 248.4 MILLION
YEAR AGO
    * Q1 EBIT SEK 18.8 MILLION VERSUS SEK 29.2 MILLION YEAR AGO
    * ON CORONAVIRUS: ONGOING CORONA PANDEMIC HAS, TO DATE, HAD
A
RELATIVELY LIMITED EFFECT ON GARO'S DEMAND IN SWEDEN
    * THE LONGER COVID-19 SITUATION CONTINUES, THE MORE WILL IT
IMPACT
GROUP'S SALES AND EARNINGS DURING Q2
    * GARO HAS A POSITIVE VIEW OF LONG-TERM MARKET CONDITIONS,
MAINLY
DRIVEN BY GROWTH IN E-MOBILITY

Source text for Eikon:  ID:nWkrc34gM8 
Further company coverage:  GARO.ST 

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