Brief: L E Lundbergforetagen 9-Month Profit After Taxes Falls To SEK 1,863 Mln

L E Lundbergforetagen AB (publ)

19/11/2020 12:44

Nov 19 (Reuters) - L E Lundbergforetagen AB (publ)
 LUNDb.ST :
    * 9-MONTH CONSOLIDATED NET SALES AMOUNTED TO SEK 14,667 M.
(16,531).
    * 9-MONTH PROFIT AFTER TAXES AMOUNTED TO SEK 1,863 M.
(8,437)
    * ON SEPTEMBER 30, 2020, NET ASSET VALUE AFTER DEFERRED TAX
AMOUNTED TO SEK 101.9 BILLION (SEK 411 PER SHARE), COMPARED WITH
SEK 96.3 BILLION (SEK 388 PER SHARE) ON DECEMBER 31, 2019.
    * SAYS COVID-19 PANDEMIC IMPACTED SALES MAINLY THROUGH A
REDUCTION
IN RENTAL INCOME AND SUSPENDED DIVIDENDS AS WELL AS A REDUCTION
IN DEMAND FOR PAPER
    * SAYS BOARD HAS CONSIDERED THE ISSUE OF DIVIDENDS DURING
2020 AND
DECIDED NOT TO CONVENE AN EXTRAORDINARY GENERAL MEETING TO
DECIDE ON A DIVIDEND
    * SAYS EARNINGS WERE IMPACTED BY DECLINE IN VALUE OF REAL
ESTATE,
PRIMARILY IN HUFVUDSTADEN

Source text for Eikon:  ID: 
Further company coverage:  LUNDb.ST 

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