Q1 - Q2 2020 Jan 20 - Jun 20

YTD: Jan – Jun 2020

  • A positive EBITDA result of 2.2 MSEK (4.6)
  • Profit after tax for the period was -4.4 MSEK (-4.2)
  • Total Revenue amounted to 61.6 MSEK (76.9) a decrease of 20% from the corresponding period in 2019
  • Gross Profit amounted to 42.0 MSEK (53.2) a decrease of 21% from the corresponding period in 2019
  • Revenue reductions in the period are entirely Covid-19 related and are considered temporary. Revenue is expected to increase in Q3 and Q4 as the economy reopens
  • Operating costs amounted to 39.8 MSEK (48.7), a reduction of 18.3%

Q2: Apr – Jun 2020

  • EBITDA for the quarter amounted to 1.8 MSEK (4.0), a 300% increase from the previous quarter (0.4)
  • Profit after tax for the period was -1.4 MSEK (1.2)
  • Revenue for the quarter amounted to 27.8 MSEK (40.5), a decrease of 31% from the previous year and 1.8% from the previous quarter
  • Gross Profit amounted to 18.3 MSEK (27.1) a decrease of 32% the corresponding period in 2019 and a decrease of 22% from the previous quarter
  • Operating costs amounted to 16.6 MSEK (23.1) a reduction of 28% compared with the same period last year. Cost Cutting measures introduced in the quarter achieved savings of 6.5 MSEK
  • Significant cost-cutting measures have been implemented to counteract the temporary Covid-19-related revenue reduction. While revenue is expected to improve in Q3 and Q4 as the economy reopens, the cost savings will remain for the long term
See full Q1 - Q2 2020 Results