Due to
Preliminary net sales for July -
Summary financial statements
MSEK July-
Order intake 594 948 1,027
Organic growth, % -39 -31 -
Organic growth, % -24 -31 -
EBITA 6 0 32
EBITA margin, % 1.0 0.0 3.7
Outlook for September and the fourth quarter, 2020
For the third quarter, 2020, sales growth is expected to amount to between 3-5 per cent compared with the second quarter, 2020 and minus 25-30 per cent compared to the third quarter, 2019. The EBITA margin for the same period is estimated to amount to between 2-3 per cent (0 per cent, second quarter, 2020 and 7 per cent, third quarter, 2019).
Regarding the fourth quarter, 2020, the company assesses that the recovery will continue, which is expected to contribute to both sales and operating profit (EBITA) being slightly better compared with the third quarter, 2020. However, in comparison with the corresponding quarter in 2019, both sales and operating profit (EBITA) are expected to be significantly lower due to the continued negative impact of Covid-19 on several important main markets. Furthermore, the expectation is that this scenario also is valid for the full year 2020 compared with 2019. There is however a significant uncertainty in the macro economic outlook not least due to the impact from Covid-19.
Upcoming financial reports
All figures are preliminary and have not been reviewed by the company's auditors.
For further information, please contact:
Stefan Syrén, President & CEO
The information was released for public disclosure at
https://news.cision.com/gunnebo/r/gunnebo-publishes-preliminary-financial-results-for-july-and-august-2020-as-well-as-outlook-for-sept,c3203750
https://mb.cision.com/Main/893/3203750/1311493.pdf
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