Interim Report Q3 2020: AE4 2017 Sweden AB (publ)
Another strong quarter including acquisition of Elements in Denmark enabling further growth in the Danish market. Profits continue to rise as turnover increase and costs remains under control.Adjusted EBITDA after rental cost for Q3 up 8% YoY to 37.6 (34.7) MSEK
• Gross margin decreased compared to Q3 last year due to currency fluctuations
• Net revenue increase of 12% YoY to 300.0 (267.8) MSEK
• The Company continues to see limited financial impact of the ongoing Corona situation
• Cash flow negatively impacted by working capital build up for peak season and acquisition of