Addtech AB (LTS:0QI7)
kr 301 -1.1 (-0.36%) Market Cap: 81.70 Bil Enterprise Value: 87.09 Bil PE Ratio: 46.95 PB Ratio: 13.70 GF Score: 90/100
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Q2 2021 Addtech AB Earnings Call Transcript

Oct 23, 2020 / 12:00PM GMT
Release Date Price: kr114.2 (-7.79%)
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;publ.;MD
Addtech AB;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

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