Performance update for the fourth quarter 2020/2021 – adjusted EBIT expected to increase with 150 percent
On June 21, 2021, Duroc announced that the outlook for the fourth quarter of 2020/2021 indicated a significantly improved result compared to the previous year. The total operating profit and adjusted EBIT for the first two months of the quarter amounted to SEK 19.9 million and June was expected to follow the same positive pattern.
The preliminary operating profit and preliminary adjusted EBIT for the fourth quarter is now expected to amount to just over SEK 50 million, a greater improvement than previously expected. The majority of the portfolio companies have ended the financial year really strong.
In Duroc's year-end report July 2019-June 2020, the Group showed an operating profit of SEK 10.3 million and an adjusted EBIT of SEK 19.4 million for the fourth quarter. The adjusted result for the fourth quarter of 2020/2021 is thus expected to increase by more than 150 percent.
The figures are preliminary and not audited by the company's auditor. Full information will be presented in connection with Duroc's regular year-end report on August 20, 2021.
For further information
John Häger, CEO Duroc, 0702 48 72 99
The information in this press release is such that Duroc AB is obliged to publish in accordance with EU’s Market Abuse Regulation. The information herein was provided for publication at 12:20 a.m. (CET), 13 July 2021 by the contact person above.
Duroc acquires and develops industrial and trading companies. With deep knowledge of technology and markets, the Group’s companies aim for leading positions in their respective industries. Duroc is listed on NASDAQ OMX Stockholm (symbol: DURC). www.duroc.se