Press release regarding of COVID – 19 for ScandBook Holding AB

The ongoing COVID-19 Pandemic is expected to have a negative impact on the entire global market.
ScandBook follows the ongoing development very closely as we currently export from Sweden and Lithuania to a dozen different countries and are dependent on developments in several markets.

Scandbook generally has a strong financial position with significant net assets in machines and our production properties. In recent years, we have, according to plan, made significant depreciation and reduced our debt / net debt significantly through significant repayments on our loans. This creates a basis for a good cash flow.
Scandbook monitors the order intake closely so as to forecast staffing levels in the factory. If the order levels falls significantly we will lay off workers in line with the Goverment regulations.

This is only implemented after detailed analysis of the balance between demand, capacity and delivery requirements and conforms to the Goverment Legislation for employee lay offs and short time working

Falun on April 2, 2020


For further information please contact:

Håvard Grjotheim, CEO ScandBook Holding AB, phone +47 908 28 564, havard.grjotheim@gmail.com

 

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