2 April 2020
Nordic Waterproofing has the construction industry as its primary customer group. Sales are primarily affected by the activity in Northern Europe, with emphasis on the Nordic countries representing 84 percent of the Group’s external sales in 2019. Nordic Waterproofing’s assessment is that the business as per end-March 2020 has not experienced any material negative impact related to the outbreak of Covid-19 (the Corona virus). The impact during the rest of the year, given the uncertain situation, is difficult to estimate but will likely have a dampening effect on sales if the pace of construction is slowing down as stricter measures are taken.