Nederman Holding AB (OTCPK:NHOXF)

$ 14.85 0 (0%) Market Cap: 703.58 Mil Enterprise Value: 861.52 Mil PE Ratio: 23.27 PB Ratio: 3.11 GF Score: 79/100

Q2 2020 Nederman Holding AB Earnings Call Transcript

Jul 17, 2020 / 08:00AM GMT

Transcript

Sven Kristensson;publ;President;Matthew Cusick;publ;Senior VP<

Nederman Holding AB;CEO & Director;Nederman Holding AB

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Good morning, ladies and gentlemen. This is Sven Kristensson here with Matthew Cusick. We are here to present the Q2 results that's been an interesting period in time.

The summary is that we believe we had a very good profitability under very difficult circumstances. The lockdowns and travel restrictions around the world have had a major impact, locking, it's sort of a lockout from sites and abilities. But we have -- and that has obviously had a negative impact on order intake and sales and profitability.

We can see that demand in the latter part of this quarter start to return. We see it in China, some other areas, and then we also have areas where they are closing down again. We have also, during the quarter, taken the decision for a program for Nederman's future stability. We have implemented a restructuring program, and we will have a cost of about 55...

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