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BALCO — Balco AB News Story

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Brief: Balco Group Reports Q3 EBITA Of SEK 1.0 Million

BRIEF-Balco Group Reports Q3 EBITA Of SEK 1.0 Million

- 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


(Gdansk Newsroom)

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