The improved results are primarily due to cost savings and increased efficiency. The outcome deviates significantly positive from previous years' seasonal patterns when profitability was negative during the first quarter of the year.
The cost savings communicated in the quarterly reports in 2020 are now showing the desired impacts. At the same time as costs are reduced, the efficiency of operations has also improved. This means that the margin in the first quarter is significantly better than it normally is. Operating profit (EBIT) is estimated to amount to approximately SEK 4.3* million, corresponding to an EBIT margin of 8.5 percent. Operating profit for the first quarter of 2020 was SEK −1.4 million.
Transcendent Group's total revenue in the first quarter is expected to be in line with the corresponding quarter last year.
*The figures reported here are preliminary and have not been reviewed by the company’s auditor