Interim report January-March 2020

KICK-OFF FOR A NEW ORGANIZATION 

January-March 2020

• Order bookings amounted to SEK 2,975 million (1,177) and the order backlog was SEK 10,576 million (5,973)
• Income amounted to SEK 1,814 million (1,480)
• The operating loss was SEK 149 million (profit 18), of which non-recurring expenses amounted to SEK 135 million
• At the end of the period, available cash and cash equivalents totaled SEK 587 million
• Cash flow from operating activities amounted to an outflow of SEK 233 million (262)
• Cash flow for the period amounted to an outflow of SEK 50 million, of which Karlatornet had a negative impact by SEK 140 million
• The loss for the period amounted to SEK 106 million (profit 10)
• The sale of the Karlatornet Tower has been postponed as a direct consequence of the uncertain situation in the global financial market caused by the Coronavirus pandemic. The level of activity in the project has been reduced to a minimum, with expenses of SEK 58 million associated with the project having burdened the quarter.
• The reorganization process is progressing, and efficiency measures are being implemented that will release about 200 million on an annual basis from the beginning of 2021. These measures will cut expenses throughout the organization and entail as many as 100 full-time employees being served notice of termination. Measures to restructure the organization burdened profit for the quarter by SEK 30 million.