Brief: Swedencare Q2 EBITDA Down At SEK 7.4 Million

Swedencare AB (publ)

24/07/2020 07:35

July 24 (Reuters) - Swedencare AB (publ)  SECARE.ST :
    * Q2 NET REVENUE SEK 32.0 MILLION VERSUS SEK 30.4 MILLION YEAR AGO
    * Q2 OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) AMOUNTED TO 7 424 KSEK (9 158 KSEK)
    * HAD A LOT OF TIME DELAYS IN ORDERS AND SALES.
    * OUR CUSTOMERS HAVE RECENTLY BECOME MORE ACTIVE.
    * Q2 WAS HEAVILY AFFECTED BY COVID-19 IN FORM OF QUARANTINE, CLOSED STORES, AND VETERINARY
CLINICS
TO VARYING DEGREES WORLDWIDE
    * WE HAD RECORD MONTHS IN BOTH SPAIN AND GREECE IN JUNE, WHICH RESULTED IN A QUARTER OF
INCREASED
SALES IN THESE MARKETS
    * NORDIC REGION ALSO CLOSED STRONGLY AND INCREASED ITS SALES BY ALMOST 50% COMPARED TO LAST
YEAR
    * ASIA AND REST OF WORLD WERE SLIGHTLY WEAKER, BUT CHINA IS BACK, AND WE SEE THAT SECOND
HALF OF
YEAR WILL BE STRONGER IN 2020 AS WE HAVE REVIEWED BOTH ORDERS AND FORECASTS
    * IN QUARTER, JUNE ACCOUNTED FOR OVER 40% OF OUR SALES AND SALES FROM OUR SUBSIDIARIES SHOW
THAT
STRONG TREND CONTINUES IN JULY, WHICH IS WHY I LOOK WITH CONFIDENCE ON H2

Source text for Eikon:  ID:nWkr4Kfkjl 
Further company coverage:  SECARE.ST 

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