Beijer Alma publ : PRE-RECORDED STATEMENT FROM PRESIDENT & CEO
March 25, 2020 at 07:33 am EDT
Share
2020-03-25
The statement by President & CEO Henrik Perbeck for Beijer Alma's Annual General Meeting March 25, 2020, is now available (in Swedish) on the website www.beijeralma.se.
EXTRACT FROM PRESIDENT & CEO HENRIK PERBECK'S STATEMENT AT THE ANNUAL GENERAL MEETING
'Looking at the economic situation in general, the slowdown at the end of last year also marked the early part of 2020. Added to this is the impact that the coronavirus outbreak has had on countries and markets across the globe. This has also affected Beijer Alma, primarily our operations in China, where production was shut down for a couple of weeks. The corona pandemic did not have any material negative impact on operations, income and earnings in January and February. It is, however, very difficult to predict developments moving forward and there is a risk that there will be a deterioration in market conditions. Beijer Alma is therefore taking measures to strengthen our preparedness and increase our flexibility.
To summarize, Beijer Alma is on a stable footing. We are financially strong and have a robust business model, which provides an effective diversification of risk and paves the way for future growth opportunities. As I said previously, I would like to emphasis that in our work we are focusing on areas that we can influence and areas where it is important to maintain readiness. This applies even more so now when the focus for the immediate future is on addressing the uncertainty surrounding us.'
For further information, please contact:
Henrik Perbeck, President and CEO of Beijer Alma AB, Tel: +46 8 506 427 50
This information constitutes information that Beijer Alma AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12:00 a.m. on March 25, 2020..
Release
Attachments
Original document
Permalink
Disclaimer
Beijer Alma AB published this content on 25 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2020 11:32:05 UTC
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.