Global 
Sverige 
USA Stille AB: Interim Report Q3 2020
Revenue in the third quarter decreased to 31.5 MSEK (40.7) and the operating profit to 2.6 MSEK (8.9) compared to the previous year. This after a tough start of the quarter affected by COVID-19, followed by a strong finish. The operating profit was positively impacted by economic relief packages relating to COVID-19 by 1.0 MSEK.
After a tough start we are now seeing a gradual return of the demand for our products and that is why we are now increasing our production, says CEO Hanna Ernestam Wilkman and continues. While the numbers for Surgical Instruments are similar to previous year and continues its growth in the US, it has been tougher for C-arm Tables and specifically the product line imagiQ that is a market leader within the cardiovascular segment, a segment that has been put on hold during the pandemic but where demand now is returning.
It remains difficult to give a clear indication of the future given the uncertainties with the second wave of the pandemic. The deciding factor on how it will affect demand is dependent on how well the healthcare system manages to conduct elective and intensive care simultaneously, the CEO explains and concludes optimistically. With the gradually increasing demand, we are much more positive about the future today than three months ago, and hopefully, the biggest challenges relating to the pandemic are now behind us.
Third Quarter Negatively Affected by COVID-19. Demand Now Increasing.
- Revenues amounted to 31.5 MSEK (40,7).
- Gross margin amounted to till 43.7 percent (37.7).
- Operating profit amounted to 2.6 MSEK (8.9), equal to an operating margin of 8.3 percent (21.8).
- Net income amounted to 1.5 MSEK (8.1), equal to 4.8 percent (19.9).
- Cashflow from current operations amounted to -0.8 MSEK (8.3).
- Operating profit was positively impacted by economic relief packages relating to COVID-19 by 1.0 MSEK.
| MSEK | july-sept 2020 |
july-sept 2019 |
jan-sept 2020 |
jan-sept 2019 |
oct-sept 2019/2020 |
jan-dec 2019 |
| Revenue, MSEK | 31,5 | 40,7 | 97,6 | 115,9 | 138,4 | 156,7 |
| Operating Margin, % | 8,3 | 21,8 | 6,0 | 19,2 | 8,8 | 18,2 |
| Operating Profit | 2,6 | 8,9 | 5,9 | 22,2 | 12,2 | 28,5 |
| Profit Before Tax, MSEK | 2,0 | 9,7 | 5,1 | 23,1 | 10,8 | 28,8 |
| Net Income, MSEK | 1,5 | 8,1 | 3,9 | 18,2 | 8,6 | 22,9 |
| Earnings per Share, SEK | 0,32 | 1,68 | 0,80 | 3,76 | 1,78 | 4,74 |
Torshälla, October 29th 2020
