Adapteo Plc Regulatory press release 2 November 2020 at 7:30 a.m. CET
In the third quarter of 2020, Adapteo's Net sales, Rental sales, and earnings all came in at good levels compared to the first and second quarter this year, which underlines the resilience in our business model. This stable development in sales and earnings has been achieved in a quarter when a global pandemic has significantly reduced the size of important private market segments and delayed decisions among public-sector customers. The main pillars supporting us in times like this are long-term contracts with public-sector customers.
The resulting good cashflow has allowed for discretionary capital expenditure to grow our building portfolio, making it even more future-proof and energy-efficient. With almost half of the quarter’s growth capex destined for already won contracts in the German market, we have been able to grow and capture market share in this market. We have also made a strategic acquisition for further growth.
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
FIN: +358981710310 PIN: 13418852#
SE: +46 856642651 PIN: 13418852#
UK: +44 3333000804 PIN: 13418852#
Link to audiocast: https://adapteo.videosync.fi/2020-11-02-q3
For additional information, please contact
Philip Isell Lind af Hageby, CEO, +46 73 022 19 36, firstname.lastname@example.org
Erik Skånsberg, CFO, +46 70 264 70 35, email@example.com