The improvement in results is explained by increased sales with higher profitability and earlier effects of the company's savings than previously anticipated. The uncertainty regarding distribution and production due to the ongoing pandemic has made it difficult to forecast with precision.
Adjusted EBITDA for the financial year 2020 before restructuring costs and certain items relating to non-recurring inventory write-downs is expected to amount to approximately
In addition to previously estimated non-recurring items for restructuring, the company has identified an extraordinary need to write down the inventory value by approximately
Complete information will be presented in connection with ITAB's interim report for the fourth quarter of 2020, which will be published on
This information is such information that
ITAB Shop Concept AB
Andréas Elgaard, President & CEO
Telephone: +46 36 31 73 00
Mobile: +46 73 232 16 35
Box 9054, SE-550 09 JÖNKÖPING
Telephone: +46 36 31 73 00
itab.com, itabgroup.com
AT ITAB we help customers turn consumer brand experience into physical reality with our know-how, solutions, and ecosystem of partners. We co-create with our customers, efficient retail solutions that deliver convenient and inspiring consumer experiences. The offer includes consultative design services, custom-made interiors, checkout systems, consumer guidance solutions, professional lighting systems and interactive digital solutions for the physical store. ITAB has approximately 3,200 employees and net sales in 2019 amounted to MSEK 6,064. The company's B share is listed on Nasdaq Stockholm.
https://news.cision.com/itab-shop-concept/r/itab-expects-higher-adjusted-ebitda-result-for-the-financial-year-2020-compared-to-the-preliminary-g,c3275859
https://mb.cision.com/Main/862/3275859/1365025.pdf
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