Brief: New Nordic Healthbrands Q1 Operating Profit Falls To SEK 6.9 Mln

New Nordic Healthbrands AB

29/04/2020 07:08

April 29 (Reuters) - New Nordic Healthbrands AB  NWND.ST :
    * Q1 NET SALES SEK 112.3 MILLION VERSUS SEK 103.7 MILLION
YEAR AGO
    * Q1 EBITDA SEK 7.1 MILLION VERSUS SEK 8.5 MILLION YEAR AGO
    * Q1 OPERATING PROFIT SEK 6.9 MILLION VERSUS SEK 8.4 MILLION
YEAR
AGO
    * IN RESPONSE TO COVID-19 SITUATION, WE HAVE INCREASED OUR
INVENTORY OF BOTH RAW MATERIALS AND FINISHED PRODUCTS
    * SECOND QUARTER OF 2020 WILL GIVE A BETTER INDICATION OF
HOW YEAR
IS GOING TO GO
    * I BELIEVE MORE IN STATUS QUO IN REVENUE FOR 2020 VERSUS
2019
THAN AN INCREASE AND I BELIEVE IN AN UNDRAMATIC DECLINE IN OUR
PROFITS COMPARED TO 2019

Source text for Eikon:  ID:nBQN6wDhp9 
Further company coverage:  NWND.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))