Brief: Strax Q4 Operating Result Swings To Profit EUR 2.5 Mln

Strax AB

27/02/2020 08:37

Feb 27 (Reuters) - Strax AB  STRAX.ST :
    * Q4 NET SALES EUR 41.4 MILLION VERSUS EUR 37.5 MILLION YEAR
AGO
    * Q4 OPERATING PROFIT EUR 2.5 MILLION VERSUS LOSS EUR 3
MILLION
YEAR AGO
    * THE BOARD PROPOSES NO ORDINARY DIVIDEND FOR THE FINANCIAL
YEAR
2019
    * UP UNTIL NOW WE HAVE NOT BEEN NEGATIVELY AFFECTED BY THE
COVID-19 OUTBREAK IN CHINA AND ALL OUR MANUFACTURING PARTNER
FACILITIES HAVE REOPENED, ALBEIT RAMPING UP MORE SLOWLY THAN
ANTICIPATED
    * MARKET DEMAND HAS LARGELY HELD UP, HOWEVER, THERE REMAINS
A
SIGNIFICANT UNCERTAINTY ABOUT THE IMPACT ON DEMAND GOING FORWARD

Source text for Eikon:  ID:nWkrb4kfzm 
Further company coverage:  STRAX.ST 

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