Brief: Thule Q1 Operating Income Down At SEK 325 Mln

Thule AB

28/04/2020 06:59

April 28 (Reuters) - Thule Group AB  THULE.ST :
    * Q1 NET SALES SEK 1,744 MILLION VERSUS SEK 1,834 MILLION
YEAR AGO
    * Q1 OPERATING INCOME AMOUNTED TO SEK 325M (342)
    * CORONAVIRUS PANDEMIC IMPACTED SALES DURING SECOND HALF OF
MARCH,
WHICH IS MOST IMPORTANT PART OF QUARTER
    * AS COMMUNICATED EARLIER, CO FORESEES MORE SIGNIFICANT
IMPACT IN
Q2, WHICH IS NORMALLY COMPANY'S PEAK SEASON
    * IT IS CURRENTLY NOT POSSIBLE TO ESTIMATE HOW EFFECT WILL
BE IN
SHORT-TERM AND WE ARE THEREFORE IMPLEMENTING MEASURES TO MEET A
SHORT-TERM CHALLENGING FINANCIAL REALITY IN 2020

Source text for Eikon:  ID:nNDL2lC3cq 
Further company coverage:  THULE.ST 

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