Brief: Alelion Energy Systems Q3 Operating Loss Narrows To SEK 12.4 Mln

Alelion Energy Systems AB

22/11/2019 14:45

Nov 22 (Reuters) - Alelion Energy Systems AB  ALELIO.ST :
    * Q3 NET TURNOVER DECREASED TO 11.7 (33.2) MSEK
    * Q3 ORDER INTAKE SEK 6.1 MILLION VERSUS SEK 44.5 MILLION
YEAR AGO
    * Q3 OPERATING LOSS SEK 12.4 MILLION VERSUS LOSS SEK 14.6
MILLION
YEAR AGO
    * FIGURES FOR Q3 CLEARLY SHOW NEGATIVE EFFECTS OF FALL IN
SALES TO
MAJOR INDUSTRIAL TRUCK MANUFACTURERS THAT FELL FASTER THAN
ANTICIPATED DURING THIS QUARTER
    * COMPANY IS NOW CONCENTRATING ON LOWERING COSTS, SHORTENING
"TIME
TO MARKET" AND CONTINUING EXPANSION IN NEW SEGMENTS
    * WE HAVE PRESSED DOWN PURCHASE PRICES AS WELL AS ON OUR
MANUFACTURING COSTS, WHICH WE WERE ABLE TO DO THANKS TO OUR
INVESTMENT IN OUR OWN HIGHLY AUTOMATED FACTORY

Source text for Eikon:  ID:nWkr6hrdJK 
Further company coverage:  ALELIO.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))