Interim Report Q2 2020: AE4 2017 Sweden AB (publ)
Publicerad: 28/7, 2020
Malmö July 27, 2020: Interim Report Q2 2020: AE4 2017 Sweden AB (publ)
• Adjusted EBITDA after rental cost for Q2 up 19% YoY to 27.0 (22.7) MSEK
• Gross margin improved to 29.9% compared to 29.3% Q2 last year
• Net revenue decline by 7% YoY to 230.7 (248.1) MSEK
• Unfavourable FX development impact revenue and EBITDA negatively by approximately 7 MSEK
• The Company has so far seen limited financial impact of the ongoing Corona situation
• Strong cash flow driven by increased earnings and decreased working capital
Table 1: Key financials
The Complete interim report is available at http://www.ae42017.com
For further information, please contact:
Johan Ahlgren, CFO
+46 (0) 73 325 44 80
johan.ahlgren@scandinaviancosmetics.se
About AE4 2017 Sweden AB
AE4 invests in companies in the Nordic cosmetics industry. The Company is parent company in a group with subsidiaries in Sweden, Norway, Finland and Denmark. Organic growth together with selected acquisitions will be the foundation for our growth strategy. Our 200 employees strive and develop in an organization characterized by professionalism and entrepreneurship. The group is head quartered in Malmö
http://www.ae42017.com
For further information please visit: ae42017.com
Agent & Security Agent:
Nordic Trustee, Telephone: +46 (0) 8 783 7900 E-mail: sweden@nordictrustee.com
PDF document https://www.mynewsdesk.com/material/pressrelease/3023615/download?resource_type=resource_attached_pdf_document
This information is information that AE4 2017 Sweden AB 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 15:00 CEST on 27 July, 2020.
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