Brief: Net Insight Q3 Net Sales Fall To SEK 92.5 Mln

Net Insight AB

04/11/2020 07:50

Nov 4 (Reuters) - Net Insight AB  NETIb.ST :
    * Q3 NET SALES AMOUNTED TO SEK 92.5 (109.5) MILLION, A
DECREASE OF
-15.5%
    * THE COVID-19 PANDEMIC CONTINUES TO AFFECT OUR OPERATIONS.
    * NEGATIVE MARKET IMPACT WILL PROBABLY PERSIST OVER THE
COMING
QUARTERS, EVEN IF WE HAVE SEEN SIGNS OF A GRADUAL RECOVERY IN
THE THIRD QUARTER.
    * WE HAVE SEEN SOME SIGNS OF A SLOW MARKET RECOVERY DURING
THE
THIRD QUARTER
    * OUR ASSESSMENT IS THAT NET INSIGHT WILL BE NEGATIVELY
AFFECTED
FOR THE REMAINDER OF 2020 AND INTO THE FIRST HALF OF 2021
    * Q3 OPERATING EARNINGS AMOUNTED TO SEK -7.3 (9.5) MLN,
CORRESPONDING TO AN OPERATING MARGIN OF -7.9% (8.6%)

Source text: https://mfn.se/a/net-insight/net-insight-interim-report-january-september-2020
 
Further company coverage:  NETIb.ST 

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