Report January-July 2000
Report January-July 2000 HL Display AB (publ) * Sales for January to July increased by 12.4 % to SEK 481.7 m (428.5) compared to corresponding period 1999. * Profit before tax for the period amounted to SEK 23.0 m (27.2). [Removed Graphics] January to July 2000 in brief The consolidated sales for the period increased by 12.4 % to SEK 481.7 m (428.5). During July sales amounted to SEK 62.6 m (55.4), an increase of 12.9%. The period's profit before tax was SEK 23.0 m (27.2). Profits were negatively affected in an amount of SEK 7.2 m by a sharp rise in prices for the Group's primary raw material, PVC, relative to the same period of 1999. Profit for the month of July was SEK 2.2 m (7.4). The period's net investments in fixed assets amounted to SEK 30.7 m (35.6). TM The unique concept for Merchandising, Optishop that has been launched during the summer has got a very positive reception on the market. The concept comprises total solutions for exposure of most goods sold in the retail food sector. Many innovative solutions both enhance the exposure and facilitate work in the store. The lead-time from launch to order is TM longer for Optishop than for the traditional HL assortment, but in time the concept is expected to make a significant part of net sales of HL Display. [Removed Graphics] Stockholm 16.08.2000 Anders Remius Managing Director ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/08/16/20000816BIT00440/bit0001.doc http://www.bit.se/bitonline/2000/08/16/20000816BIT00440/bit0002.pdf