Beijer Alma AB Publ Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 21, 2020 at 05:00 am EDT
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Beijer Alma AB publ announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was SEK 962.7 million compared to SEK 1,248.1 million a year ago. Operating income was SEK 79 million compared to SEK 162.7 million a year ago. Net income was SEK 59.3 million compared to SEK 122.7 million a year ago. Basic earnings per share was SEK 0.98 compared to SEK 2.04 a year ago. For the half year, sales was SEK 2,179.8 million compared to SEK 2,413.7 million a year ago. Operating income was SEK 225.5 million compared to SEK 323.9 million a year ago. Net income was SEK 166.5 million compared to SEK 242.8 million a year ago. Basic earnings per share was SEK 2.76 compared to SEK 4.03 a year ago.
Beijer Alma AB is a Sweden-based company engaged in the production of components and industrial trading. Its business concept is to acquire, own and develop small and medium-sized companies with growth potential. Its operations are conducted by the subsidiaries focused on industrial customers. Lesjofors is an international supplier of industrial springs, wire and flat strip components. Habia Cable is a manufacturer and marketer of cables and cable systems for demanding applications, such as mobile telecommunication, defense, nuclear power and infrastructure. Beijer Tech is a company focused on industrial trading within the areas of hoses, fittings, rubber sheeting, wear protection, power transmission and surface treatment, as well as foundry, steelworks and smelters. The Company has approximately 40 subsidiaries active in Denmark, Norway, Finland, the United Kingdom, Germany, Latvia, China, Russia, Slovakia, the Netherlands, the United States, France and Poland.
BEIJER ALMA AB 
