Studsvik : Interim Report for the Third Quarter 2020
October 23, 2020 at 06:15 am EDT
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Sales in the quarter increased in local currencies by 27 per cent and amounted to
SEK 187.7 (151.2) million.
Operating profit in the quarter was SEK 23.1 (-4.1) million, due to good sales growth in Scandpower and profitability improvements in Waste Management Technology. The operating margin for the quarter was 12.3 (2.9) per cent and 8.7 (-3.5) per cent for the year to date.
No negative effects on performance linked to the corona pandemic were reported for the quarter.
The free cash flow during the quarter was SEK -9.9 (1.9) million.
July-Sept 2020
July-Sept 2019
Jan-Sept 2020
Jan-Sept 2019
Full year 2019
Sales, SEK million
187.7
151.2
508.4
451.4
654.0
Operating profit, SEK million
23.1
-4.1
36.2
-30.8
-10.4
Profit after tax, SEK million
18.7
-5.8
26.4
-39.7
-28.0
Free cash flow, SEK million
-9.9
1.9
25.2
-46.0
-38.8
Net debt, SEK million
60.7
84.6
60.7
84.6
82.9
Net debt/equity ratio, %
18.7
28.2
18.7
28.2
27.4
Profit per share after tax, SEK
2.28
-0.71
3.21
-4.83
-3.41
Equity per share, SEK
39.53
36.58
39.53
36.58
36.84
The Interim Report for the third quarter will be presented at a telephone conference call according to separate distributed invitation at 1:30 PM CET today.
Please read the full interim report in the attached file.
For further information, please contact:
Claes Engvall, CFO, +46 722 310 458
Facts about Studsvik
Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik's business focus areas are fuel and materials technology, reactor analysis software and technical platforms for handling, conditioning and volume reduction of radioactive waste. The company has over 70 years nuclear technology and radiological service experience. Studsvik has 517 employees in 7 countries and the company's shares are listed on the Nasdaq Stockholm.
This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Securities Markets Act.Theinformation was released for public disclosure, through the agency of the contact person above, on October 23, 2020, at 12:00 (CET).
www.studsvik.com
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Studsvik AB published this content on 23 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2020 10:14:05 UTC
Studsvik AB is a Sweden-based company that offers a range of technical services to the international nuclear power industry. The Company's activities are divided into four segments: Fuel and Materials Technology, which implies nuclear hot-cell technology, materials technology and water chemistry solutions for fuel and reactor performance and lifetime optimization, as well as failed fuel encapsulation, transport and storage solutions; Consultancy Services, which includes facility planning and licensing, waste treatment technologies and operations, among others; Studsvik Scandpower, which provides tools, analysis and technology for performance optimization of nuclear fuel and reactors, and management of the nuclear fuel cycle; Germany, which implies Consultancy Services segment operations in Germany. The Company primarily operates in Sweden, Germany, the United Kingdom, the United States, Japan, China and the United Arab Emirates.
STUDSVIK AB 
