Tour operator Unlimited Travel Group reports an operating profit at EBITA level of SEK -9.3 million for the fourth quarter of 2020 (3.5).

The gross margin during the quarter was 13.7 percent (19.8).

The net result was SEK -10.1 million (2.1) and the result per share was SEK -1.68 (0.07).

Turnover decreased to SEK 20.3 million (192).

The Covid-19 pandemic has hit the travel industry hard, resulting in cancelled trips, lost revenue and demands for refunds for cancelled trips.

”"The booking situation for 2021 is naturally lower than at the same time last year, especially during the first half of the year. We are convinced that our travelers are increasingly daring to book as more and more people take advantage of the promised vaccination programs," writes CEO Jens P Stenseth in the year-end report. 

The subscription period for the company's ongoing rights issue of a maximum of SEK 35.1 million ends on February 26.

Source: Nyhetsbyrån Direkt