CEO Ola Kallenius said Thursday it had worked to preserve cash reserves during a difficult time and was seeing “the first signs of a sales recovery.” He said there would be more efforts to cut costs because the lost sales would not be made up this year even as the economy returns to “a certain normality.”
The profit figure compared to a loss of 1.24 billion euros in the April-June quarter last year when the company had large one-time deductions to earnings.
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Techlife News #456