The first quarter of the financial year was strongly marked by the effects of the worldwide COVID-19 pandemic, the outcome was, however, somewhat better than we had feared at the beginning of the quarter. Sales fell by 4 percent and organic sales decreased by 7 percent compared with the corresponding period last year. The EBITA margin was 10.9 percent, a decrease of only 0.7 percentage points compared with the corresponding period last year. Our companies have once again demonstrated their ability to act quickly and efficiently and have taken measures to adapt their costs to lower business volumes. For the full CEO comment, please see the Interim Report.
Stockholm, July 14, 2020
This information is information that Addtech AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out below, at 8.15 a.m CET on July 14, 2020.
A conference call in English will be held on July 14 at 2.00 PM (CET).
Phone: +46 8 566 42 651. PIN: 84654209#
International phone numbers are available here: https://events-ftp.arkadin.com/ev/docs/NE_W2_TF_Events_International_Access_List.pdf
For further information, please contact:
Niklas Stenberg, President and CEO, +46 8 470 49 00
Malin Enarson, CFO, +46 705 979 473
Addtech in brief
Addtech is a technology trading group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 3,000 employees in more than 130 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 11 billion. Addtech is listed on the Nasdaq Stockholm.
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