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Studsvik AB: Studsvik's Interim Report for the Second Quarter 2020
- Sales in the quarter increased in local currencies by 4 per cent and amounted to SEK 167.8 (160.3) million.
- Operating profit for the quarter amounted to SEK 9.6 (-8.1) million. Effects of the corona pandemic of SEK 5 million are charged to profit for the quarter and restructuring of Waste Management Technology of about SEK 6 million is charged to the previous year's profit. Excluding these non-recurring items, the operating margin was 8.7 (-1.1) per cent.
- The free cash flow during the quarter was SEK 11.0 (-14.9) million.
April April Jan-June 2020 Jan-June 2019 Full year
-June -June 2019
2020 2019
Sales, SEK 167.8 160.3 320.7 300.2 654.0
million
Operating 9.6 -8.1 13.1 -26.7 -10.4
profit, SEK
million
Profit after 8.2 -10.8 7.7 -33.9 -28.0
tax, SEK
million
Free cash flow, 11.0 -14.9 35.1 -47.9 -38.8
SEK million
Net debt, SEK 50.2 92.4 50.2 92.4 82.9
million
Net debt/equity 16.2 31.2 16.2 31.2 27.4
ratio, %
Profit per 1.00 -1.31 0.94 -4.12 -3.41
share after
tax, SEK
Equity per 37.78 36.03 37.78 36.03 36.84
share, SEK
The Interim Report for the first quarter will be presented at a telephone conference call according to separate distributed invitation at 1:00 PM CEST 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 525 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. The information was released for public disclosure, through the agency of the contact person above, on July 21, 2020, at 12:00 (CEST).
www.studsvik.com
This information was distributed by Cision http://www.cisionwire.se/