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Addtech

Addtech

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Addtech: Update on financial impact relating to the IT Attack

08:30 / 24 January 2020 Addtech Press release

As previously announced, the IT attack that hit Addtech during the third quarter of the fiscal year, is estimated to impact full-year EBITA by a total of approximately SEK 150 million.

About 40 percent of total impact is direct costs, and will essentially be carried by the parent company, while 60 percent is negative effect on EBITA from operations ("Operating effect"). The Operating effect will be distributed with about 10 percent respectively on business areas Automation and Energy, about 25 percent respectively on business areas Components and Power Solutions, and about 30 percent on business area Industrial Process.

Approximately 70 percent of the direct costs, and about half of the Operating effect, will be allocated to the third quarter, while remaining impact will be allocated to the fourth quarter of the current fiscal year.

Stockholm, 24 January 2020
 

Addtech AB (publ)
 

For further information please contact
Niklas Stenberg, CEO, +46 8 470 49 00
Malin Enarson, CFO, +46 705 979 473
Kerstin Danasten, Head of Communications, +46 708 707 168

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