Karnov reports second quarter results 2020
Another solid quarterFINANCIAL HIGHLIGHTS SECOND QUARTER · Net sales up 3% to SEK 178 m (173), organic growth was 2%. · EBITA amounted to SEK 63 m (30) with EBITA margin of 35.5% (17.6%). · Adjusted EBITA increased by 5% to SEK 63 m (60) and adjusted EBITA margin was 35.5% (34.7%). · Net result amounted to SEK 27 m (-44). · Earnings per share after dilution amounted to SEK 0.27 (-0.45). · Adjusted operating cash flow improved by 171% to SEK 49 m (18). CEO flemming breinholt comments on the quarter: During the second quarter, Karnov Group continued to grow with
