Brief: Volati Announces Preliminary Results For Q1 2020

Volati AB

16/04/2020 13:53

April 16 (Reuters) - Volati AB  VOLO.ST :
    * VOLATI ANNOUNCES PRELIMINARY RESULTS FOR Q1 2020 AND
ISSUES AN
UPDATE ON THE IMPACT OF THE CORONAVIRUS
    * ACCORDING TO PRELIMINARY FIGURES FOR Q1 2020, GROUP'S NET
SALES
INCREASED BY 7 PERCENT TO SEK 1,658 (1,544) MILLION AND EBITA
ROSE BY 65 PERCENT TO SEK 62 (37) MILLION COMPARED WITH SAME
QUARTER PREVIOUS YEAR
    * UP TO AND INCLUDING 16 APRIL, CORONAVIRUS HAS HAD A
LIMITED
EFFECT ON VOLATI'S OPERATIONS
    * SOME DISRUPTIONS TO DELIVERIES FROM CHINA HAVE BEEN NOTED
    * FUTURE DELIVERIES COULD POTENTIALLY BE AFFECTED BY
INDIVIDUAL
COUNTRIES' LOCKDOWNS
    * CURRENCY CHANGES HAVE HAD A NEGATIVE IMPACT ON SALES AND
EARNINGS FOR QUARTER

Source text for Eikon:  ID:nWkr1C0KM 
Further company coverage:  VOLO.ST 

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