Manufacturing strategist
FIRST QUARTER (1 January -
· Net sales amounted to
· Operating profit before amortizations of intangible fixed assets (EBITA) amounted to
· Profit after tax amounted to
· Cash flow from operating activities amounted to
CEO
"During the quarter, covid-19 has negatively impacted HANZA in waves. First through the closure of our factory in
" We expect there will be further volume reductions in quarter two. Hence, we launched an action program in April, aimed at reducing our fixed costs without having to limit our unique offering with complete manufacturing. Among other things, we are streamlining HANZA's production facilities to embrace only specific technologies within the respective production clusters, which regrettably results in redundancies in
"One effect of the pandemic is that weaknesses and risks in global supply chains have become apparent, and thereby increased the need to streamline the manufacturing industry. That is, an increased need that is in line with HANZA's offering of complete regional manufacturing close to the customer. Therefore, the pandemic creates new opportunities for HANZA in the long term."
For further information please contact:
Lars Åkerblom, CFO, Tel: +46-707 94 98 78, e-mail: lars.akerblom@hanza.com
The information in this press release is such that HANZA must disclose it in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at
About HANZA:
HANZA is a knowledge-based global manufacturer that modernizes and streamlines the manufacturing industry. Through supply-chain advisory services and our own factories grouped into regional manufacturing clusters, we offer secure deliveries, increased profitability and sustainable manufacturing solutions for our customers.
HANZA was founded in 2008 and in 2019 had sales exceeding
HANZA is listed on Nasdaq Stockholm's main list (ticker: HANZA).
For more information please go to: www.hanza.com
https://news.cision.com/hanza-holding-ab/r/hanza-interim-report-january---march-2020--organizational-development-and-a-challenging-end-to-the-p,c3097328
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