Interim Report January - March 2020
- Net sales decresed -12% to SEK 1,416 million (1,603)
- Operating profit amounted to SEK 41 million (158)
- Profit after financial items amounted to SEK 27 million (136)
- Profit after tax amounted to SEK 18 million (102)
- Earnings per share amounted to SEK 0.19 (1.00)
- Cash flow from operating activities amounted to SEK 126 million (161)
- Net debt amounted to SEK 2,472 million (2,758)
- Net debt excl. lease liability amounted to SEK 1,741 million (2,056)
In 2020, non-recurring items impacted the profit after financial items by SEK -12 million (39).
IMPORTANT EVENTS DURING THE PERIOD
– The first quarter was overshadowed by the Covid-19 pandemic, where focus has been on ensuring the health and safety of our employees and customers. Extensive measures in the form of cost adjustments, redundancy notices, temporary layoffs and redundancies has been made to adapt our operations to the reduced demand caused by the pandemic (see pg. 5).
– A new Group structure and extended Group Management has been introduced to support the transformation of ITAB. A new CFO and a new COO has been assigned.
Release
ITAB Shop Concept AB
CEO Andréas Elgaard
Telephone: +46 36 31 73 00
Mobile: +46 73 232 16 35
Box 9054, SE-550 09 JÖNKÖPING
Telephone: +46 36 31 73 00
www.itab.com, www.itabgroup.com
ITAB Shop Concept AB sells, develops, manufactures and installs complete shop fitting concepts for retail chain stores. The all-inclusive offer includes custom-made fitting concepts, checkouts, self-checkout systems and professional lighting systems and digital solutions for the physical store. Customers include the major players throughout most parts of Europe. ITAB is the market leader at checkout to retailers in Europe, and one of Europe’s largest suppliers of shop fitting concepts and lighting systems. The group has approximately 3,200 employees and had a turnover of SEK 6,064 million in 2019. ITAB’s B-share is listed on the Nasdaq Stockholm exchange.