HANZA Year-end report 2020: Positive prospects following a challenging period
Manufacturing strategist HANZA Holding AB (publ), listed on Nasdaq Stockholm, today presents its year-end report for 2020. Profitability for the past year has been negatively affected by declining volumes caused by the pandemic, and by non-recurring costs linked to an action program launched by the company in April 2020 in order to meet the economic downturn. However, the company is optimistic about the future and has, among other things, started building a new factory in Estonia to meet future volume increases. New acquisitions are within the current strategy, thanks to a very strong cash