Absolent Group - Interim Report January - September

Quarter 3, 2020

· Net sales amounted to 191.1 MSEK (285.6) which is a decrease of -33.1 % (69.3)

· Operating profit before amortization of goodwill (EBITA) reached 12.8 MSEK (37.8) with a margin of 6.7 % (13.2)

· Operating profit after amortization of goodwill (EBIT) amounted to -6.5 MSEK (19.1) with a margin of -3.4 % (6.7). Amortizations of goodwill had an impact on EBIT with -19.3 MSEK (-18.7)

· Earnings per share amounted to -1.1 SEK (0.9)

· Cash flow from operating activities after change in working capital amounted 24.9 MSEK (42.0)

January - September, 2020

· To adapt to the current market situation with Covid-19, we continuously review the Group's expenses. As previously communicated a cost reduction program was initiated in the second quarter with one-time expenses of 58 MSEK and the cost reduction program runs according to plan. Adjusted figures are presented below

· Net sales amounted to 666.8 MSEK (714.3) which is an increase of -6.7 % (47.8)

· Adjusted operating profit before amortization of goodwill (EBITA1) reached 61.9 MSEK (121.8) with a margin of 9.3 % (17.0). Operating profit before amortization of goodwill (EBITA) reached 3.1 MSEK (121.8) with a margin of 0.5 % (17.0)

· Adjusted operating profit after amortization of goodwill (EBIT1) reached 2.3 MSEK (89.5) with a margin of 0.3 % (12.5). Amortizations of goodwill had an impact on EBIT1 with -59.6 MSEK (-32.3). Operating profit after amortization of goodwill (EBIT) reached -55.7 MSEK (89.5) with a margin of -8.4 % (12.5). Amortizations of goodwill had an impact on EBIT with -59.6 MSEK (-32.3)

· Adjusted earnings per share amounted to -0.4 SEK (5.9). Earnings per share amounted to -6.8 SEK (5.9)

· Cash flow from operating activities after change in working capital amounted to 46.3 MSEK (89.6)

Further information:

The complete interim report is available at

https://absolentgroup.com/investors/interim-reports/

For further questions please contact:

MD and Group CEO Axel Berntsson +46 510 - 48 40 00

CFO Anna Åkerblad +46 510 - 48 40 00

Absolent Group AB is listed on Nasdaq First North Growth Market.

Certified Adviser for Absolent Group AB is Erik Penser Bank AB. +46 8-463 83 00.

Email: [email protected]

This information is information that Absolent Group 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 person set out above, at 08:00 a.m. CET on November 19, 2020.

The following documents can be retrieved from beQuoted
Absolent-Group-Interim-report-Q3-2020.pdf
Press-release-Absolent-Group-Interimreport-Jan-Sep-2020.pdf

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