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“Looking at the economic situation in general, the slowdown at the end of last year also marked the early part of 2020. Added to this is the impact that the coronavirus outbreak has had on countries and markets across the globe. This has also affected Beijer Alma, primarily our operations in China, where production was down for a couple of weeks. The corona pandemic did not have any material negative impact on operations, income and earnings in January and February. It is, however, very difficult to predict developments moving forward and there is a risk that there will be a deterioration in market conditions. Beijer Alma is therefore taking measures to strengthen our preparedness and increase our flexibility.

To summarize, Beijer Alma is on a stable footing. We are financially strong and have a robust business model, which provides an effective diversification of risk and paves the way for future growth opportunities. As I said previously, I would like to emphasis that in our work we are focusing on areas that we can influence and areas where it is important to maintain readiness. This applies even more so now when the focus for the immediate future is on addressing the uncertainty surrounding us.”

The following resolutions were passed at the Annual General Meeting:

• The balance sheets and income statements for 2019 for the Parent Company and Group were adopted.
• In accordance with the Board’s motion, a dividend of SEK 2.50 was approved for 2019. The record date for dividends was set at March 27, 2020. Dividends are expected to be distributed beginning April 1, 2020.
• The members of the Board and the President were discharged from liability for the 2019 financial year.