Volati’s results better than expected
Volati announces that the Group’s results for Q2 2020 are better than it believes the market is expecting. According to preliminary figures for Q2, the Group’s net sales increased by 6 percent to SEK 1,889 (1,776) million and EBITA increased by 41 percent to SEK 181 (129) million compared with the same quarter the previous year. For the first six months, EBITA increased by 46 percent to SEK 243 (166) million compared with the same period the previous year.
“Volati has continued to develop positively in the second quarter with very strong earnings growth. Since the IPO in 2016, we have had average annual EBITA growth of 19 percent. Our growth during the quarter has been driven by good development in most of our business areas. This is the result of long-term, consistent work to develop well-managed business units with strong positions in their markets and a clear focus on, and ability to generate, earnings growth,” says Volati CEO Mårten Andersson.
All figures presented in this press release are preliminary and have not been audited or reviewed by the auditor.
Volati will not make any further comments before publication of the Q2 interim report at 07.45 on 17 July 2020.
This information is information that Volati AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 07.00 CEST on 13 July 2020.
For further information, please contact:
Mårten Andersson, CEO Volati AB, +46 72 735 42 84, email@example.com
Andreas Stenbäck, CFO Volati AB, +46 70 889 09 60, firstname.lastname@example.org
Volati AB (publ)
Engelbrektsplan 1, SE-114 34 Stockholm
Tel: +46 8 21 68 40
Corporate reg. no. 556555-4317
Volati is a Swedish industrial group, formed in 2003, organised in four business areas: Trading, Consumer, Akademibokhandeln and Industry. Volati mainly acquires reasonably valued companies with proven business models, leading market positions and strong cash flows and develops them with a focus on long-term value creation. The strategy is to build on the companies’ identity and entrepreneurial spirit, adding leadership, expertise, processes and financial resources. Volati has operations in 16 countries, over 2,000 employees and annual sales of approximately SEK 7 billion. Volati’s ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.