Brief: Hanza Updates On Operational And Financial Situation

Hanza AB

30/09/2019 13:46

Sept 30 (Reuters) - Hanza AB  HANZA.ST :
    * HANZA SUMMARIZES AND SUPPLEMENTS OPERATIONAL AND FINANCIAL
INFORMATION
    * NET SALES INCREASE THROUGH ACQUISITIONS OF TOOLFAC AND
RITTER
GROUP, AND DECREASE BY CO CHOOSING IN 2018 TO TERMINATE
AGREEMENT WITH LARGER, NON-STRATEGIC CUSTOMER, AND ONGOING
CUSTOMER EXCHANGE IN CLUSTER BALTICS
    * ALL IN ALL, DURING SECOND HALF OF 2019, INCLUDING
AFOREMENTIONED
IMPACT, SEGMENT NORDIC IS EXPECTED TO CONTINUE TO MAINTAIN AN
EBIT MARGIN EXCEEDING 6%.
    * PROFITABILITY OF HANZA GROUP IS EXPECTED TO INCREASE
SIGNIFICANTLY DURING BEGINNING OF 2020 AS COSTS AND PROJECTS
MENTIONED ABOVE ARE COMPLETED
    * DURING SECOND HALF OF 2019 REST OF WORLD SEGMENT IS
EXPECTED TO
CONTINUE TO MAINTAIN A MINOR POSITIVE MARGIN
    * PROFITABILITY OF HANZA GROUP IS EXPECTED TO INCREASE
SIGNIFICANTLY DURING BEGINNING OF 2020
    * OPPORTUNITIES FOR ADDITIONAL MARKET SHARES ARE EXPECTED TO
INCREASE SIGNIFICANTLY AS GERMAN MARKET IS ESTABLISHED.
    * GROUP'S PROFITABILITY TARGET OF ACHIEVING AN OPERATING
MARGIN OF
6% AFTER AMORTIZATION OF INTANGIBLE ASSETS (EBIT) DURING A
BUSINESS CYCLE REMAINS FIXED
    * OVERALL, BASED ON TURNOVER OUTCOME OF PREVIOUS YEAR,
TOOLFAC AND
RITTER GROUP ACQUISITIONS AND CANCELLATION OF AGREEMENT HAVE A
POSITIVE IMPACT ON GROUP'S ANNUAL NET SALES BY APPROX. SEK 430
MILLION, WITH FULL EFFECT AS OF Q4 OF 2019

Source text for Eikon:  ID:nWkrbwVPKX 
Further company coverage:  HANZA.ST 

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