Financial information for the former group (
FIRST QUARTER
· Net turnover amounted to MSEK 697,5.
· EBITDA totalled MSEK 35.6.
· Earnings before tax amounted to MSEK 21,3.
ZENGUN GROUP HOLDING AB (former group)
FIRST QUARTER
· Net turnover amounted to MSEK 697.5 (585.3), up 19% or MSEK 112.2
· EBITDA totalled MSEK 35.7 (26.1), corresponding to an EBITDA margin of 5.1% (4.5)
· Operating cash flow was MSEK 96.9 (51.1)
SIGNIFICANT EVENTS IN THE FIRST QUARTER
· RA Bygg, a subsidiary of the
· In February,
SIGNIFICANT EVENTS AFTER THE END OF THE FIRST QUARTER
·
The new corona virus and the ongoing pandemic continue to cause uncertainty in the market.
key figures
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FINANCIAL CALENDAR 2020
Interim Report January-
Interim Report January-
FOR MORE INFORMATION, PLEASE CONTACT:
Anna-Carin Bjelkeby, CFO, +46 70 580 62 25
Prior to publication, this information constituted insider information. This information is of such a kind that
Statement by the CEO
Strong quarter with continued growth - uncertain market trend
The operating cash flow for the period was very strong and amounted to MSEK 97.6, which was a considerable improvement on last year. However, it should be noted that cash flow in the construction industry is subject to substantial swings, which means that the LTM cash flow of MSEK 140 provides a fairer image.
New project starts
At the close of the period, the order book totalled MSEK 2,140, compared with MSEK 2,300 at year end.
We started several new projects in the first quarter. We started a remodelling and extension project for
We also have several ongoing projects at an early project planning phase, known as phase one. These include the project planning for the continued remodelling at Haga Norra in partnership with
Uncertainty due to Covid-19
To date, our industry has been not been as exposed as other sectors. We have been able to continue working on projects and to keep site offices and construction sites open, albeit with somewhat higher sickness absence than normal. By and large, material deliveries to our projects have functioned well, though there have been some delays.
Zengun continues to have a high rate of production in ongoing projects. Moving forward, Covid-19 and the ongoing pandemic will also entail consequences for the construction sector. However, the exact nature of these is difficult to assess at present. On the positive side, Zengun has stable customers with long-term agendas, and moreover, our cost structure with low fixed costs makes us flexible. We are monitoring developments carefully to be able to adapt our operations to conditions and to developments in society - and will continue to help building
Managing Director and CEO
https://news.cision.com/zengun/r/zengun-group-ab--publ--interim-report-for-the-period-1-january-to-31-march-2020,c3111118
https://mb.cision.com/Main/18512/3111118/1247365.pdf
https://news.cision.com/zengun/i/table,c2784923
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