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Studsvik AB: Studsvik's Interim Report for the Third Quarter 2020
- Sales in the quarter increased in local currencies by 27 per cent and amounted to
- Operating profit in the quarter was SEK 23.1 (-4.1) million, due to good sales growth in Scandpower and profitability improvements in Waste Management Technology. The operating margin for the quarter was 12.3 (2.9) per cent and 8.7 (-3.5) per cent for the year to date.
- No negative effects on performance linked to the corona pandemic were reported for the quarter.
- The free cash flow during the quarter was SEK -9.9 (1.9) million.
July July Jan Jan-Sept 2019 Full year 2019
-Sept -Sept -Sept
2020 2019 2020
Sales, SEK 187.7 151.2 508.4 451.4 654.0
million
Operating 23.1 -4.1 36.2 -30.8 -10.4
profit, SEK
million
Profit after 18.7 -5.8 26.4 -39.7 -28.0
tax, SEK
million
Free cash flow, -9.9 1.9 25.2 -46.0 -38.8
SEK million
Net debt, SEK 60.7 84.6 60.7 84.6 82.9
million
Net debt/equity 18.7 28.2 18.7 28.2 27.4
ratio, %
Profit per 2.28 -0.71 3.21 -4.83 -3.41
share after
tax, SEK
Equity per 39.53 36.58 39.53 36.58 36.84
share, SEK
The Interim Report for the third quarter will be presented at a telephone conference call according to separate distributed invitation at 1:30 PM CET today.
Please read the full interim report in the attached file.
For further information, please contact:
Claes Engvall, CFO, +46 722 310 458
Facts about Studsvik
Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik's business focus areas are fuel and materials technology, reactor analysis software and technical platforms for handling, conditioning and volume reduction of radioactive waste. The company has over 70 years nuclear technology and radiological service experience. Studsvik has 517 employees in 7 countries and the company's shares are listed on the Nasdaq Stockholm.
This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was released for public disclosure, through the agency of the contact person above, on October 23, 2020, at 12:00 (CET).
www.studsvik.com
This information was distributed by Cision http://www.cisionwire.se/