Brief: L E Lundbergforetagen Q2 Pre-Tax Profit Down At SEK 2.59 Bln

L E Lundbergforetagen AB (publ)

27/08/2020 12:19

Aug 27 (Reuters) - L E Lundbergforetagen AB (publ)
 LUNDb.ST :
    * LUNDBERGS INTERIM REPORT JANUARY - JUNE 2020
    * ON JUNE 30, 2020, NET ASSET VALUE AFTER DEFERRED TAX
AMOUNTED TO
SEK 90.3 BILLION (SEK 364 PER SHARE), COMPARED WITH SEK 96.3
BILLION (SEK 388 PER SHARE) ON DECEMBER 31, 2019
    * COVID-19 PANDEMIC IMPACTED SALES MAINLY THROUGH A
REDUCTION IN
RENTAL INCOME AND A SHARP DROP IN DEMAND FOR PAPER
    * ON CORONAVIRUS: COVID-19 PANDEMIC IMPACTED SALES MAINLY
THROUGH
A REDUCTION IN RENTAL INCOME AND A SHARP DROP IN DEMAND FOR
PAPER
    * EARNINGS WERE IMPACTED BY DECLINE IN VALUE OF REAL ESTATE,
PRIMARILY IN HUFVUDSTADEN, AND LISTED COMPANIES WHICH IN TURN
HAD AN ADVERSE IMPACT ON SHARE OF PROFITS IN INDUSTRIVÄRDEN
    * Q2 NET SALES SEK 4.70 BILLION VERSUS SEK  5.77 BILLION
YEAR AGO
    * Q2 PRE-TAX PROFIT SEK 2.59 BILLION VERSUS SEK 3.57 BILLION
YEAR
AGO

Source text for Eikon:  ID:nWkr79YLTK 
Further company coverage:  LUNDb.ST 

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