Litium reports that it experienced a severe impact on new order intake during April and June as COVID-19 spread throughout the globe. The impact did however decline somewhat during June, where customer demand recovered in certain segments. On a general level, Litium reports that their customers have experienced very strong digital sales during Q2, which contributes to Litium’s top-line through the volume driven part of the company’s business, and in the long-term management expects demand for its platform to increase due to COVID-19.
Final thoughts
Litium has been on a solid run so far this year, the share is up ~55% YTD, and we see several tailwinds for Litium going forward. 1) in June Litium entered into a global partnership with Columbus which will facilitate geographical expansion, 2) in March Litium raised SEK ~40m through a new share issue gaining new institutional owners and 3) COVID-
Aktuellt
SENASTE
