Brief: Volati Q3 EBITDA Up At SEK 253 Million

Volati AB

24/10/2019 06:55

Oct 24 (Reuters) - Volati AB  VOLO.ST :
    * INTERIM REPORT JANUARY-SEPTEMBER 2019
    * Q3 NET SALES INCREASED BY 16 PERCENT TO SEK 1,711 (1,470)
MILLION
    * Q3 EBITDA INCREASED TO SEK 253 (152) MILLION
    * CONTINUATION OF GOOD GROWTH IN SALES AND EBITA IN Q3
    * AKADEMIBOKHANDELN BUSINESS AREA CONTINUED ITS POSITIVE
TREND
DURING Q3
    * BOTH SALES AND EARNINGS IMPROVED COMPARED WITH SAME PERIOD
PREVIOUS YEAR
    * BUSINESS AREA EXPERIENCED GOOD DEMAND IN CORE RANGE AND
STRONG
DEVELOPMENT IN ITS NON-BOOK SEGMENT DURING QUARTER
    * BOKUS E-COMMERCE CHANNEL ALSO CONTINUED TREND FROM Q2,
INCREASING ITS SALES VOLUME WHILE IMPROVING MARGINS
    * WE ARE PLEASED WITH PERFORMANCE OF BUSINESS AREA, WHICH
HAS
INCREASED BOTH ITS SALES AND EARNINGS
    * IN Q3, WE RECOGNISED A TOTAL IMPAIRMENT LOSS OF SEK 328
MILLION
ON GOODWILL AND INTANGIBLE ASSETS IN TWO OF CONSUMER'S BUSINESS
UNITS - NATURAMED PHARMA AND ME&I

Source text for Eikon:  ID:nWkr2yVLQx 
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