Setra’s operating result for first quarter 86 % below last year

In the first quarter of 2020, Setra Group AB of Solna, Sweden, achieved an operating result of 12m SEK (Jan.-March 2019: 83m SEK), roughly 86 % or 71m SEK lower than a year earlier. Despite higher sales figures and selling prices, the net profit was only a fraction of the figure achieved in the first quarter of 2019 ...

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