Q1 2020 Jan 20 - Mar 20
YTD: Jan – Mar 2020
- Total Revenue amounted to 33.9 MSEK (36.4) a decrease of 7% from the corresponding period in 2019, and a decrease of 2% from the previous quarter.
- Gross Profit amounted to 23.6 MSEK (26.2) a decrease of 10% from the corresponding period in 2019, but an increase of 14.9% from the previous quarter.
- A POSITIVE EBITDA result of 0.4 MSEK (0.6) a small change from the corresponding period in 2019
- Total Comprehensive Income (after tax and exceptional items) amounted to -1.3 MSEK (-1.8)
- Operating costs amounted to 23.2MSEK (25.6), a reduction of 9.6% due to restructuring and cost cutting.
- The impact of the Covid-19 pandemic had a significant effect on Q1 revenue numbers, and will continue to be felt in Q2
- Further cost cutting measures in response to the pandemic have been taken since March 2020 and will be reflected in Q2 results