Interim Report January – March 2020
JAN 1st – MAR 31st 2020 · Net sales amounted to EUR 4 881 thousand (5 583), a 12.5 percent decrease · EBITDA of EUR 4 thousand (-88) and EBITDA margin of 0.1 percent (-1.6) · EBIT of negative EUR 93 thousand (-199) and EBIT margin of negative 1.9 percent (-3.6) · Net earnings after tax of negative EUR 527 thousand (-354) JANUARY - MARCH KEY DEVELOPMENTS · COVID-19 had limited financial impact in Q1, but is affecting the 2020 forecasts · Turnaround plan showing first results, further cost cuts in the markets necessary · Financial overperform by Switzerland, Haiti,