Brief: Nilörngruppen Jan-March Operating Profit Down At SEK 11.8 Mln

Nilorngruppen AB

07/04/2020 07:08

April 7 (Reuters) - Nilorngruppen AB  NILb.ST :
    * REG-NILÖRNGRUPPEN AB: INTERIM REPORT Q1 2020
    * JAN-MARCH ORDER BOOKINGS INCREASED BY 7 PERCENT TO MSEK
203
(195)
    * ON CORONAVIRUS: CURRENT ORDER BACKLOG IS NOT EXPECTED TO
GENERATE EQUIVALENT SALES SINCE SEVERAL ORDERS MOST LIKELY WILL
BEEN CANCELLED OR MOVED FORWARD BECAUSE OF COVID-19.
    * JAN-MARCH REVENUE EXPRESSED IN SEK DECREASED BY 13 PERCENT
TO
MSEK 155 (178)
    * JAN-MARCH OPERATING PROFIT AMOUNTED TO MSEK 11.8 (15.1),
ADJUSTED FOR TERMINATION COSTS FOR CEO OF MSEK 2.8
    * EFFECTS OF COVID-19 PANDEMIC WILL HAVE CONSIDERABLE IMPACT
ON
DEMAND FOR COMPANY'S PRODUCTS.
    * IT IS VERY DIFFICULT TO JUDGE IF THIS MAJOR IMPACT IS OF A
SHORT-TERM NATURE, I.E. A NUMBER OF MONTHS OF EFFECT, OR IF
EFFECT WILL BE OF A MORE LONG-TERM NATURE

Source text for Eikon:  ID:nGNE5yF7Cw 
Further company coverage:  NILb.ST 

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