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2020-08-27

L E Lundbergföretagen AB (publ): Lundbergs Interim Report January - June 2020

 

  • Consolidated net sales amounted to SEK 10,112 m. (11,387).

 

  • Profit after financial items amounted to SEK -163 m. (8,471) where earnings from participation in associated companies and joint ventures amounted to SEK -530 m. (3,899). Profit after financial items excluding unrealized changes in value amounted to SEK 1,315 m. (6,411).

 

  • Profit after taxes amounted to SEK -248 m. (7,424) of which non-controlling interests accounted for SEK 10 m. (1,454).

 

  • Earnings per share attributable to the Parent Company's shareholders totaled SEK -1.04 (24.07).

 

  • The Covid-19 pandemic impacted sales mainly through a reduction in rental income and a sharp drop in demand for paper. Furthermore, earnings were impacted by the decline in value of real estate, primarily in Hufvudstaden, and listed companies which in turn had an adverse impact on the share of profits in Industrivärden.

 

Contact:
Lars Johansson, Chief Financial Officer
Fredrik Lundberg, Chief Executive Officer

 

This information is such information that L E Lundbergföretagen AB (publ) is obliged to publish in accordance with the EU's Market Abuse Regulation and the Swedish Securities Market Act. The information was published by the aforementioned CFO on August 27, 2020 at 13:15 CET.

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