April 24, 2020 / 5:41 AM / a month ago

BRIEF-Lifco Q1 Profit Before Tax Rises To SEK 540 Mln

April 24 (Reuters) - Lifco AB (publ):

* Q1 NET SALES INCREASED BY 8.5 PER CENT TO SEK 3,641 (3,357) MILLION. ORGANICALLY, NET SALES DECLINED BY 2.0 PER CENT

* Q1 EBITA INCREASED BY 11.1 PER CENT TO SEK 652 (587) MILLION

* Q1 PROFIT BEFORE TAX GREW 25.0 PER CENT TO SEK 540 (432) MILLION

* FINANCIAL EFFECTS OF COVID-19 PANDEMIC WERE LIMITED DURING PERIOD, AS DOWNTURN IN DEMAND TOOK PLACE DURING LAST TWO WEEKS OF QUARTER

* AT BEGINNING OF APRIL, COVID-19 PANDEMIC HAD A SIGNIFICANT IMPACT ON DEMAND IN MANY OF GROUP’S SUBSIDIARIES

* NEGATIVE FINANCIAL EFFECTS ARE EXPECTED TO BE SIGNIFICANT FOR GROUP DURING Q2

* IMPACT IS SHORT-TERM ESPECIALLY LARGE IN DENTAL BUSINESS AREA AND MANY OF OPERATIONS IN SYSTEMS SOLUTIONS

* ON CORONAVIRUS: IT IS NOT CURRENTLY POSSIBLE FOR US TO PREDICT TO WHAT DEGREE AND FOR HOW LONG DIFFERENT OPERATIONS WILL BE AFFECTED

* COVID-19 PANDEMIC HAD A SIGNIFICANT NEGATIVE IMPACT ON DENTAL MARKET IN BEGINNING OF APRIL 2020 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below