Comments from the CEO
Morten Falkenberg, President and CEO, comments the first quarter 2013
“The first quarter, which is a seasonally comparatively weak quarter, was impacted by low demand and fewer delivery days than in the preceding year. A negative organic sales trend in the Nordic region could be partly offset by the positive performance in the UK and Continental Europe. The number of employees was reduced and we are continuing to be proactive in adapting our staffing levels. The gross margin improved and work on enhancing the efficiency of the production is making progress. The relocation of Hygena’s production to the UK is proceeding according to plan and the continuing operations in Stemwede were divested today, 30 April. These measures are expected to increase the Group’s earnings by about SEK 25 million and reduce sales by approximately SEK 380 million per year,” says Morten Falkenberg, President and CEO.
Latest update: 6 May 2013