Adapteo Plc Regulatory press release 7 August 2020 at 7:30 a.m.CEST
Comments from the CEO
During the second quarter of 2020, Adapteo's comparable EBITDA was 3% lower than in the second quarter of 2019 and higher than in the first quarter of 2020. Net sales increased by 7% in constant currencies year-on-year due to higher revenue from Assembly and other services as well as from Business Area Permanent Space. An intensified focus on our commercial excellence program – built on commercial offering optimisation, pricing excellence, sales force effectiveness, and brand equity growth – is gradually paying off. Despite adverse market conditions due to the covid-19 outbreak, our operations in Germany, Sweden, and Finland demonstrated a steady performance during the quarter, strengthening our market positions.
A substantial part of our revenues comes from long-term contracts with public sector customers. Together with a strong liquidity and funding position, we are well-equipped to handle a short-term downturn while strengthening our competitiveness and coming out of these challenging times yet stronger than before.
A conference call with a presentation for investors, analysts and media will be held today at 09.00 CEST. The presentation will be held via tele conference and webcast by President and CEO Philip Isell Lind af Hageby and CFO Erik Skånsberg. The session will start with a presentation, followed by a Q&A session and will be held in English. A recorded version will be available after the conference at www.adapteogroup.com under Investors.
Dial in numbers and links to conference call:
Finland: +358981710521, Sweden: + 46850558358, UK: +443333009264
Link to webcast: https://tv.streamfabriken.com/adapteo-q2-2020
For additional information, please contact
Philip Isell Lind af Hageby, President and CEO, +46 73 022 19 36, email@example.com
Niklas Alm, SVP Investor Relations, +46 708 24 40 88, firstname.lastname@example.org