Midsona AB Publ Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 21, 2020 at 02:00 am
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Midsona AB publ announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was SEK 859 million compared to SEK 705 million a year ago. Operating income was SEK 73 million compared to SEK 39 million a year ago. Net income was SEK 40 million compared to SEK 23 million a year ago. For the half year, sales was SEK 1,805 million compared to SEK 1,491 million a year ago. Operating income was SEK 144 million compared to SEK 61 million a year ago. Net income was SEK 87 million compared to SEK 27 million a year ago.
Midsona AB, formerly Midelfart Sonesson AB is a Sweden-based company engaged in the development, manufacture and marketing of consumer healthcare products in the Nordic region. Its products are divided into three product areas: Healthfoods, Hygiene, Personal Care. The Company consists of three geographical areas, namely Sweden, Norway and Finland. The business areas in Sweden, Norway and Finland market and sell nutritional supplements, herbal remedies, health foods, skin care and beauty products to grocery stores, pharmacies and health stores in respective geographic markets. The Company has several priority brands, such as Friggs, Urtekram, Naturdiet, Miwana, MyggA, Dalblads, Tri Tolonen, Supernature.