HABO, Sweden, April 29, 2021 /PRNewswire/ -- The first
quarter:
Order intake was MSEK 1,854 (2,146), a decline of -13.6%
adjusted to -7.4% for currency effects of MSEK -108 and disposals
of MSEK -27
Net sales were MSEK 1,678 (1,689), a decline of -0.7% adjusted
to +6.6% for currency effects of MSEK -97 and disposals of MSEK
-24
Operating profit was MSEK 152.9 (10.7), an increase of 1,329%
with an operating margin of 9.1 (0.6)%
Earnings after tax were MSEK 96.2 (loss 16.4)
Earnings per share were SEK 0.53
(loss 0.10)
Cash flow from operating activities was MSEK 58.6 (87.9)
Comments from CEO Bodil
Sonesson:
The first quarter of 2021 was improved in many areas and we are
satisfied with the steady progress and ongoing recovery from the
effects of the pandemic.
The quarterly operating margin at 9,1% is at a good level with
the current market conditions.
Whilst Covid persists and we still have a lot of extra measures
in place, the new ways of working are effective, and the steady
improvement is visible. As a result, we have currently decided to
not provide detailed separate Covid updates. If the situation
changes, we will of course review this.
As a fundamental part of our connectivity and sustainability
strategy, the acquisition of the balance 80% of the shares in
Seneco is a significant step. From a sustainability perspective,
the Seneco technology has a significant impact on reducing energy
consumption in outdoor lighting.
The Group now has connected solutions for both indoor and
outdoor lighting where market demands continue to grow.
The main focus for this quarter's strategy work is continued
internal work with our Group core values and our
sustainability strategy gathers pace. We are working on the Group
materiality analysis with many stakeholder interviews as part of
the process.
An investor webcast following the Quarter 1 Report 2021 will be
held on 29 April 2021 at 15:30 CET.
A link to the webcast will be available on
http://ir.fagerhultgroup.com
A Management presentation will also be published on
http://ir.fagerhultgroup.com.
Disclosures may be submitted by
Bodil Sonesson
CEO
mobile: +46 722 23 76 02
e-mail: bodil.sonesson@fagerhultgroup.com
Michael Wood
CFO
mobile: +46 730 87 46 47
e-mail: michael.wood@fagerhultgroup.com
This information is inside information that AB Fagerhult (publ)
is obliged to make public pursuant to the EU Market Abuse
Regulation and information that AB Fagerhult (publ) is obliged to
make public pursuant to the Securities Markets Act.
The information was submitted for publication, through the
agency of the contact person set out above, at 11:25 CET on
29th of April 2021.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/fagerhult/r/interim-report-january-march-2021,c3335999
The following files are available for download:
https://mb.cision.com/Main/1781/3335999/1409955.pdf
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Fagerhult, Interim
Report January-March 2021
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SOURCE Fagerhult