Strategic initiatives ensure continued growth
”After a cautious start to the year, sales and operating earnings are now increasing year-on-year, this is the third consecutive quarter with year-on-year growth. We are seeing an increase in our customers’ investment appetite, even if the market still remains affected by Covid-19.”
April –
- Net sales amounted to
SEK 94.1 (88.3) million, an increase of 6.5% year-on-year. In comparable currencies net sales increased by 13.2%. - Operating earnings amounted to
SEK 8.6 (-1.7) million, corresponding to an operating margin of 9.1% (-1.9%). Excluding foreign exchange rate differences ofSEK 0.8 (-7.4) million, operating earnings wereSEK 7.8 (5.7) million. - Net income for the period for continuing operations was
SEK 7.0 (-0.1) million and for the Group, including discontinued operations,SEK 7.0 (1.8) million. - Earnings per share, basic and diluted, for the Group was
SEK 0.02 (0.00). - Total cash flow for the Group was
SEK 16.7 million (-10.3).
January –
- Net sales amounted to
SEK 172.0 (164.3) million, an increase of 4.7% year-on-year. In comparable currencies net sales increased by 12.4%. - Operating earnings amounted to
SEK 11.7 (3.2) million, corresponding to an operating margin of 6.8% (1.9%). Excluding foreign exchange rate differences ofSEK 8.4 (1.8) million, operating earnings wereSEK 3.3 (1.4) million. - Net income for the period for continuing operations was
SEK 10.9 (1.1) million. Net Income for the Group, including discontinued operations, wasSEK -26.1 (250.1) million. This includes capital loss on disposal of discontinued operations ofSEK -35.9 million (246.4). - Earnings per share, basic and diluted, for the Group was
SEK -0.07 (0.65). - Total cash flow for the Group was
SEK 30.8 million (235.1). Excluding the cash impact of the divestment of subsidiary, cash flow wasSEK 15.7 million (-67.3).
For the complete interim report, please refer to the attached PDF.
A conference call with web presentation for media and the financial community will take place at
CEO
For further information, please contact:
About
For over 20 years the world’s leading media brands have trusted
For more information, please visit netinsight.net
Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/
© Modular Finance, source