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North Investment Group AB - Q4 2019

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FINANCIAL HIGHLIGHTS

  • Group revenue of SEK 218m during the quarter comprising growth of 15.7%

(-12.85% proforma 2018 incl. Sørlie).

  • EBITDA of SEK -3.4m (SEK 17.4m).
  • Foreign exchange loss YTD in 2019 of SEK 8.5m (SEK 0.8m loss in 2018).
  • Non-recurring cost of approximately SEK 12m booked in Q4 related to cost reductions.
  • Cost reduction program for 2020 progressing according to plan.
  • Order backlog of SEK 84.1m per Q4 2019 (SEK 103.3m Q4 2018).

Sono Group is a leading supplier of quality furniture and wardrobe solutions and offers products to a broad range of industries and has a sound mix of public and private customers in Scandinavia.

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