Brief: Serneke Group AB (Publ) - Q1 Operating Profit Amounted To Sek 31 Million

SERNEKE AB (publ)

06/05/2021 07:16

May 6 (Reuters) - SERNEKE Group AB (publ)  SRNKEb.ST :
    * SERNEKE GROUP AB (PUBL) - Q1 ORDER BOOKINGS AMOUNTED TO SEK 1,179 MILLION (2,975) AND
ORDER
BACKLOG WAS SEK 13,126 MILLION (10,576)
    * SERNEKE GROUP AB (PUBL) - Q1 REVENUE AMOUNTED TO SEK 1,950 MILLION (1,814)
    * SERNEKE GROUP AB (PUBL) - Q1 OPERATING PROFIT AMOUNTED TO SEK 31 MILLION (LOSS: 149)
    * SERNEKE GROUP AB (PUBL) - Q1 PROFIT FOR PERIOD AMOUNTED TO SEK 46 MILLION (LOSS: 106)
    * SERNEKE GROUP AB (PUBL) - AT END OF PERIOD, AVAILABLE CASH AND CASH EQUIVALENTS AMOUNTED
TO SEK
704 MILLION (646)
    * SERNEKE GROUP AB (PUBL) - PROFIT FOR PERIOD WAS LARGELY GENERATED BY SALES OF DEVELOPMENT
RIGHTS
STRUCTURED IN A BASKET THAT IS TRANSFERRED OVER TIME
    * SERNEKE GROUP AB (PUBL) - CONSTRUCTION OPERATIONS CONTINUE TO STRENGTHEN THEIR DELIVERY
WHILE
KEEPING A CONSERVATIVE VIEW OF REVENUE RECOGNITION

Source text for Eikon:  ID:nWkr7P4xqB 
Further company coverage:  SRNKEb.ST 

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