Brief: Inwido Q1 EBITA Up At SEK 48 Million

Inwido AB (publ)

23/04/2020 06:47

April 23 (Reuters) - Inwido AB (publ)  INWI.ST :
    * INTERIM REPORT JANUARY-MARCH 2020
    * INWIDO  - Q1 NET SALES SEK 1.45  BILLION VERSUS SEK 1.44
BILLION
YEAR AGO
    * INWIDO - Q1 ORDER INTAKE INCREASED BY 9 PERCENT AND ORDER
BACKLOG INCREASED BY 12 PERCENT TO SEK 1,031 MILLION.
    * INWIDO - Q1 EBITA SEK 48 MILLION VERSUS SEK 45 MILLION
YEAR AGO
    * INWIDO - DECIDED TO WITHDRAW PROPOSED DIVIDEND.
    * INWIDO - * DUE TO COVID-19 PANDEMIC, BOARD OF DIRECTORS
DECIDED
TO WITHDRAW PROPOSED DIVIDEND.
    * INWIDO - ON CORONAVIRUS: DESPITE DISCONCERTING AND SERIOUS
DEVELOPMENT OF COVID-19 PANDEMIC, Q1 OF 2020 WAS LARGELY IN LINE
WITH INWIDO'S EXPECTATIONS.
    * INWIDO - IN Q1, BUSINESS AREA SOUTH CONTINUED ITS POSITIVE
DEVELOPMENT, WITH GOOD GROWTH
    * INWIDO - ALL PRODUCTION FACILITIES ARE OPERATING, APART
FROM
THREE IN UK,
    * INWIDO - INBOUND SUPPLY CHAIN HAS, TO DATE, FUNCTIONED
WITHOUT
ANY SIGNIFICANT DISRUPTION.
    * INWIDO - GIVEN DIFFICULTY IN ASSESSING EFFECTS OF
COVID-19,
OUTLOOK FOR 2020 IS VERY DIFFICULT TO PREDICT
    * INWIDO - WE HAVE SUBSTANTIAL PREPAREDNESS FOR A RAPIDLY
CHANGING
SITUATION IN OUR OPERATIONS

Source text for Eikon:  ID:nWkr5MDtdY 
Further company coverage:  INWI.ST 

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