Brief: Volati Q2 EBITA Rises To SEK 181 Million

Volati AB

17/07/2020 06:53

July 17 (Reuters) - Volati AB  VOLO.ST :
    * INTERIM REPORT JANUARY-JUNE 2020
    * APRIL-JUNE 2020* NET SALES INCREASED BY 6 PERCENT TO SEK
1,889
(1,776) MILLION
    * Q2 NET SALES SEK 1,889  MILLION VERSUS SEK 1,776 MILLION
YEAR
AGO
    * Q2 EBITA SEK 181 MILLION VERSUS SEK 129 MILLION YEAR AGO
    * Q2 PROFIT AFTER TAX INCREASED BY 86 PERCENT TO SEK 112
(60)
MILLION
    * Q2 WAS MARKED BY COVID-19 PANDEMIC AND ALL BUSINESS AREAS
WERE,
IN VARIOUS WAYS, AFFECTED BY ITS CONSEQUENCES DURING QUARTER
    * WE CONTINUE TO HAVE A STRONG FINANCIAL POSITION, AND NET
DEBT TO
ADJUSTED EBITDA RATIO ENDED QUARTER AT 1.3X DUE TO STRONG CASH
FLOWS, WHICH PROVIDES A LARGE SPACE FOR ACQUISITIONS
    * COVID-19 OVERALL IMPACT ON VOLATI HAS BEEN LIMITED.
    * COVID-19:  OVERALL IMPACT ON VOLATI HAS BEEN LIMITED.
    * WE ALSO SEE A GOOD INFLOW OF POTENTIAL ACQUISITION
CANDIDATES -
IN PARTICULAR, VALUE-CREATING ADD-ON ACQUISITIONS FOR OUR
BUSINESS AREAS.

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

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))