Brief: Christian Berner Tech Trade: Profit Warning For Q4

Berner Industrier AB

17/01/2022 11:13

Jan 17 (Reuters) - Christian Berner Tech Trade AB
 CBTTb.ST :
    * CHRISTIAN BERNER TECH TRADE PROFIT WARNING FOR THE FOURTH
QUARTER 2021
    * RESULT WILL BE LOWER THAN EXPECTED FOR Q4 2021
    * FIRSTLY, THERE IS A PROVISION FOR SEVERANCE PAY TO
DEPARTING CEO
OF 7,5 MSEK.
    * Q4 EBITA IS CALCULATED TO BEL -4,5 MSEK IN COMPARISON TO
9,5
MSEK SAME QUARTER 2020.
    * SECOND REASON IS A NEGATIVE PRODUCT MIX WITH LOWER GROSS
MARGIN.
    * A DELIVERY OF A LARGER PROJECT TO CHINA WORSEN GROSS
MARGIN.
    * IN ADDTION HAS REVENUE BEEN IMPACTED NEGATIVELY BY DELAYS
IN
SUPPLY CHAIN DUE TO COVID 19

Source text for Eikon:  ID:nMFN1kFBZz 
Further company coverage:  CBTTb.ST 

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