The announcement regarding the easing of restrictions beginning 1 July, which according to plan must come into force in four stages, means that we at last can see the light at the end of the tunnel after almost 18 months of virtual total closure of the majority of our operations. However, we continue to be seriously affected by the pandemic and its restrictions, which is clearly reflected in sales and the operating profit/loss for the period. During the last quarter we have continued to make the necessary adjustments to our organisation to be fully ready to go once the restrictions ease and we, our audiences and customers can return to a more normal social life.
A WORD FROM THE CEO
The announcement regarding the easing of restrictions beginning 1 July, which according to plan must come into force in four stages, means that we at last can see the light at the end of the tunnel after almost 18 months of virtual total closure of the majority of our operations. However, we continue to be seriously affected by the pandemic and its restrictions, which is clearly reflected in sales and the operating profit/loss for the period. During the last quarter we have continued to make the necessary adjustments to our organisation to be fully ready to go once the restrictions ease and we, our audiences and customers can return to a more normal social life.
Sales during the quarter totalled
The pandemic has affected our operation since
'It is very satisfying that all the parts of the financing solution we negotiated last November are now in place, and that our balance sheet has been substantially strengthened. We're looking forward to the challenging but also promising time ahead and we're continuing to make plans for the best way to open all of our businesses as soon as restrictions are lifted.' |
During the pandemic we have undertaken extensive structural cost-saving measures such as reducing office floor space, negotiating lower rents and terminating other fixed commitments. We have also taken measures to optimise the labour force and to reorganise our working methods in part. For example, we are currently bringing together specialist sales and marketing expertise for our ticketed events in a group that works across business area boundaries in the operations concerned. The same applies to the finance organisation, which will form a group working with all operations within the Group except for controller assignments, whose functions will remain in each individual operation in order to remain close to the business. We are convinced that this re-organisation will make us more efficient and promote the transfer of skills. It will allow the operations to devote more time to their respective core issues. Together with other measures, the above example will help create enduring profitability while we also continue to be an attractive employer. This will result in our becoming an even stronger player in the segments where we operate.
Thanks to reduced infection rates and eased restrictions, it was fantastic to once again attend a première in the beginning of July! Our summer theatre at the Vallarna in Falkenberg will be performing throughout the summer, albeit with a limited number of seats, and it is most satisfying for everyone involved that we are able once again to welcome guests and offer experiences. We are looking forward with great optimism to several premières in the autumn, and we hope that this positive trend with the easing of restrictions continue.
I would like to thank all of our employees and partners for their hard work and tireless commitment during these trying times and I hope you all have a fantastic summer!
pro tem CEO/Group CEO
martin.duhane@momentgroup.com
+46-721 64 85 65
https://news.cision.com/moment-group-ab/r/interim-report-1-january-30-june-2021,c3388464
https://mb.cision.com/Main/243/3388464/1447617.pdf
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