Brief: ByggPartner Reports Write-down, Q1 Prelim EBITDA Loss Of SEK 185 Mln

ByggPartner Gruppen AB (publ)

08/05/2023 10:38

May 8(Reuters) - ByggPartner Gruppen AB  BYGGP.ST :
    * SAID ON SUNDAY DECIDED TO MAKE PROJECT WRITE-DOWNS, RISK
RESERVES OF ABOUT SEK 220 MLN, PRIMARILY IN MÄLARDALEN, WITH
EFFECT IN Q1
    * PRELIM Q1 EBITDA LOSS ABOUT SEK 185 MLN
    * PRELIM Q1 EBIT LOSS ABOUT SEK 205 MLN
    * PUBLICATION OF Q1 REPORT TO BE POSTPONED TO MAY 25
    * SAID BANK INTENDS TO ISSUE WAIVER AS GIVEN WRITE-DOWN CO
DOES
NOT FULFIL COVENANTS 
    * WAIVER IS CONDITIONAL UPON CO CARRYING OUT NEW SHARE ISSUE
OF
SEK 250 MLN

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFNyh4TT
 Further company coverage:  BYGGP.ST  

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