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Interim report – Q1 2020/21 – Sales and earnings growth despite COVID-19

Written by Customer Service on . Posted in Public Companies.

Company announcement no. 04 2020/21 – INSIDE INFORMATION
Allerød, 20 August 2020Interim report – Q1 2020/21(1 April – 30 June 2020)Sales and earnings growth despite COVID-19“The first quarter was historically challenging and historically strong at the same time. The COVID-19 pandemic and the national lockdown boosted demand for health, hygiene and personal care products and triggered a boom on matas.dk with sales soaring by 216%. Overall, Matas Group grew revenue by more than 8% during the first quarter of the financial year, while earnings were up by almost 7% despite the costs incurred to ensure a safe shopping environment for our customers and employees”, said Gregers Wedell-Wedellsborg, CEO of Matas A/S, and added:“Things were looking bleak at the end of March, but we and our partners decided to put every ounce of energy into making an ultra-quick rebound. Sales soon recovered and customers quickly returned to the physical stores as Denmark began to reopen. Developments in Q1 really underlined Matas’ role in society during a health crisis and confirmed our strategy to be our customers’ preferred choice – whether shopping online or at physical stores”. Q1 2020/21 highlights

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