Overview
Sweden analytical instruments maker's preliminary Q1 net sales declined yr/yr, EBIT turned negative
Company cites lower sales, higher costs, and longer sales cycles for weaker results
Currency effects also weighed on Q1 operating result
Result Drivers
LOWER SALES - Co said Q1 sales declined yr/yr, with seasonally weaker demand and longer customer decision cycles due to macroeconomic uncertainty
HIGHER COST BASE - Co said investments made over the past year increased costs, weighing on Q1 results
CURRENCY EFFECTS - Co said currency effects had a negative impact on Q1 operating result
Company press release: ID:nWkr6sGmKQ
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 12.49 mln
Q1 EBIT
-SEK 580,000
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)