Oct 23, 2020 / 12:00PM GMT
Operator
Ladies and gentlemen, welcome to the Addtech presentation for the Q2 report. (Operator Instructions) Today, I'm pleased to present Niklas Stenberg, CEO; and Malin Enarson, CFO.
I will now hand over to Niklas Stenberg. Please go ahead.
Niklas Stenberg - Addtech AB(publ.)-MD - President, CEO & Director
Yes, welcome, everyone to this presentation of our second quarter. First, some highlights. All in all, a stable report, slightly better than consensus. So good work from our analysts.
We ended up with a sales decline with 7% in the quarter, to a large extent, relating to COVID-19 and especially the very tough headwinds in scrubber business. Varying business climate, but generally, we saw a gradual improvement in the end of the quarter. The margin of 11.2% is well approved, in my opinion, and a good proof that our portfolio gives certain hedge in times like this and also that our focus on cost management has been efficient and balanced. We have also kept a good pace on acquisitions so far and we see an
Q2 2021 Addtech AB Earnings Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
![](https://static.gurufocus.com/material/money-back-guarantee.png)
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent ![](https://static.gurufocus.com/trust_rating.png)
![](https://static.gurufocus.com/trust_rating.png)
4.6 out of 5
Trustpilot
![](https://static.gurufocus.com/trust.png)