Interim Report | Financials | 18 Feb, 2020 | 12:25 | Regulatory
Year-End Report 2019
Comments from CEO Bodil Sonesson:
The positive trend on organic order intake is pleasing to see, especially with the steady recovery in the UK compared to last year.
Here in Scandinavia we see a slight weakening of demand in the last quarter and we will monitor this very closely.
Where actions have been executed the performance improvement programme continues to benefit.
In some businesses
Comments from CEO Bodil Sonesson:
- The positive trend on organic order intake is pleasing to see, especially with the steady recovery in the UK compared to last year.
- Here in Scandinavia we see a slight weakening of demand in the last quarter and we will monitor this very closely.
- Where actions have been executed the performance improvement programme continues to benefit.
- In some businesses the results are still slow. We expect cost down actions start to benefit in 3 months whilst sales & marketing improvements activities take between 6-9 months to see the start of the recovery.
- Overall I am pleased with my first full 12 months in the Group, we have performed well in some challenging conditions.
- The integration of iGuzzini goes according to plan, the long term benefits remain strong, but in the short term the business needs to close out the new ERP IT installation.
- Looking forward to 2020 and beyond, growth is the number one focus and at the heart of the strategic alignment process, a process which is now fully communicated internally and we move to implementation and execution.