Pre-recorded statement from president and CEO
Pre-recorded statement (in Swedish) by President and CEO Henrik Perbeck for Beijer Alma’s Annual General Meeting March 25, 2020.
Extract from President and CEO Henrik Perbeck’s statement at the Annual General Meeting.
“Looking at the economic situation in general, the slowdown at the end of last year also marked the early part of 2020. Added to this is the impact that the coronavirus outbreak has had on countries and markets across the globe. This has also affected Beijer Alma, primarily our operations in China, where production was shut down for a couple of weeks. The corona pandemic did not have any material negative impact on operations, income and earnings in January and February. It is, however, very difficult to predict developments moving forward and there is a risk that there will be a deterioration in market conditions. Beijer Alma is therefore taking measures to strengthen our preparedness and increase our flexibility.
To summarize, Beijer Alma is on a stable footing. We are financially strong and have a robust business model, which provides an effective diversification of risk and paves the way for future growth opportunities. As I said previously, I would like to emphasis that in our work we are focusing on areas that we can influence and areas where it is important to maintain readiness. This applies even more so now when the focus for the immediate future is on addressing the uncertainty surrounding us.”
For further information, please contact:
Henrik Perbeck, President and CEO of Beijer Alma AB, Tel: +46 8 506 427 50
This information constitutes information that Beijer Alma AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12:00 a.m. on March 25, 2020..
Beijer Alma AB (publ) is an international industrial group that focuses on component production and industrial supplies. The Group includes Lesjöfors, one of Europe’s largest spring manufacturers, Habia Cable, one of Europe’s largest manufacturers of custom-designed cables and Beijer Tech, with strong positions in industrial supplies in the Nordic region. Beijer Alma is listed on NASDAQ OMX Stockholm Mid Cap.
Beijer Alma AB (publ)
Dragarbrunnsgatan 45, Box 1747, SE-751 47 Uppsala, Sweden. Telephone +46 18 15 71 60.
Registered office: Uppsala. Corp. Reg. No: 556229-7480. www.beijeralma.se