Brief: Arjo Decides To Not Extend Distribution Agreement For Provizio Sem Scanner

Arjo AB (publ)

16/05/2024 06:10

May 16 (Reuters) - Arjo AB (publ)  ARJOb.ST :
    * ARJO NOT EXTENDING DISTRIBUTION AGREEMENT FOR PROVIZIO®
SEM
SCANNER - NO IMPACT TO THE GROUP'S 2024 OUTLOOK
    * REASON IS THAT PARTIES ARE TOO FAR APART IN TERMS OF
EXPECTED
COMMERCIAL DEVELOPMENT
    * OUTLOOK OF 3-5% ORGANIC NET SALES GROWTH FOR 2024 STANDS
FIRM.
    * DISCUSSIONS BETWEEN ARJO AND BBI AROUND HOW TO BEST
TERMINATE
DISTRIBUTION AGREEMENT ARE CURRENTLY ONGOING
    * ARJO WILL GIVE AN UPDATE WHEN THERE IS MORE INFORMATION TO
SHARE.

Source text for Eikon:  ID:nWkr7d0Mj6 
Further company coverage:  ARJOb.ST 

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