Brief: Balco Group Reports Q3 EBITA Of SEK 1.0 Million
BRIEF-Balco Group Reports Q3 EBITA Of SEK 1.0 Million Oct 26 (Reuters) - Balco Group AB BALCO.ST:
Q3 NET SALES AMOUNT TO SEK 295 MILLION
Q3 ORDER INTAKE AMOUNTS TO SEK 220 MILLION
Q3 ADJUSTED OPERATING PROFIT (EBITA) AMOUNTS TO SEK 1 MILLION
Q3 RESTRUCTURING COSTS OF SEK 9 MILLION AND WRITE-DOWNS OF SEK 79 MILLION
CONTINUING TO REVIEW THE STRATEGY AND WILL CONDUCT THE CUSTOMARY IMPAIRMENT TESTS OF GOODWILL DURING THE FOURTH QUARTER
GLOBAL SITUATION MAY MEAN THAT IT MAY TAKE LONGER FOR ORDERS TO BE CONVERTED INTO REVENUE
EXPECT A GRADUAL IMPROVEMENT IN THE GROUP'S OPERATIONAL AND FINANCIAL RESULTS AS THE MEASURES WE HAVE TAKEN HAVE AN IMPACT
Source text: ID:nWkrc9Zryt
Further company coverage: BALCO.ST
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