Press release
Interim Report 1 April–
First quarter (1 April–
- Revenue increased by 7 percent to MSEK 1,097 (1,024).
- EBITA increased by 5 percent to MSEK 64 (61).
- Net profit amounted to MSEK 40 (38).
- Earnings per share amounted to
SEK 1.50 (1.40). - Cash flow from operating activities amounted to MSEK 133 (81).
- The Board proposes a dividend of
SEK 1.50 per share (3.00). - The COVID-19 pandemic had a variety of effects on operations during the first quarter. Sales of personal protective equipment increased. Construction-related sales improved while industry-related sales were affected negatively, though with some recovery toward the end of the quarter. It is still difficult to determine how significant the impact will be and how long the effects will linger.
CEO’s comments
Demand from industrial customers was negatively affected by the lockdowns and capacity reductions related to the pandemic, while demand from construction customers was healthy during the period. Demand for personal protective equipment remained at a high level.
Restructuring measures completed in the operations had a positive effect and we have been implementing adaptive measures on a continuous basis in the companies to address the uncertainty in the market and the fluctuating demand as a result of the pandemic. We continued to work purposefully to improve profitability and efficiency in a more decentralised structure. Our long-term focus on investments in sales and marketing of our strong products and brands continued and our ambition is to advance our positions, even in the current business climate.
Acquisitions remain an important part of our strategy for growth and the newly acquired companies contributed to the positive growth during the quarter. We intend to complete more value-generating acquisitions going forward.
President & CEO
For further information, please contact:
Peter Schön, CFO, phone no.: +46 70 339 89 99
This information is information that
Attachment
- Bergman_Beving_Q1_20_21_eng
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