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Arjo reports EBITDA result before non-recurring items of SEK 530 million for the fourth quarter of 2020 (513), according to the interim report.
Analysts’ expectations were an underlying EBITDA result of SEK 512 million with a margin of 21.6 percent, according to Infront.
Net sales were SEK 2,398 million (2,477), compared to the expected 2,371 million.
The dividend is proposed to be SEK 0.85 per share for 2020 (0.65), which will be compared to the expected SEK 0.71.
Track sales growth within target range
Arjo’s organic sales growth for 2021 is expected to be within the Group’s new target of 3 to 5 percent.
This is indicated in the 2020 financial statements.
Expectations, according to an Infront consensus, were ahead of the organic growth report of 4.1 percent, that is, almost in the middle of Arjo’s declared range.
Arjo CEO Joacim Lindoff emphasizes in the CEO’s speech the short-term challenges surrounding covid-19. Arjo’s manager’s assessment is that the company will return to a more normal market situation early in the second half of the year. Their expectations include a clear recovery for product areas that were negatively affected by covid-19.
