Manufacturing strategist
THIRD QUARTER (
· Net sales amounted to
· Operating profit (EBITA) amounted to
Operating profit after amortization of intangible assets (EBIT) amounted to
· Profit after tax amounted to
(0.03).
· Cash flow from operating activities amounted to
FIRST NINE MONTHS (
· Net sales amounted to
· Operating profit (EBITA) amounted to
Operating profit after amortization of intangible assets (EBIT) amounted to
At the outbreak of covid-19 HANZA initiated an action program which affected the result with
· Profit after tax amounted to
· Cash flow from operating activities amounted to
CEO
"During the third quarter, we continue to see a significant impact from covid-19 with sales of approx. 8% below expected volume. However, this is an improvement compared to the second quarter, when the decrease was approx. 10%. The stabilization, together with the action program launched in
"The slowdown is linked to the pandemic. We note that our customers are stable companies, and if we look ahead, the volumes will increase when the pandemic gives way. Of course, it is not possible to say exactly when this will happen, but in the meantime we are actively working on new business opportunities created by the crisis, both new potential customers and new acquisitions. "
"The Board has analyzed the Group's financial targets in view of the pandemic and have assessed that they are still realistic and as such should remain unchanged. This means, among other things, that the margin target of 6% after amortization of intangible assets (EBIT) still stands."
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
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