Brief: Cell Impact Publishes Operational Update, Prelim Q3 Sales Figures

Cell Impact AB (publ)

04/10/2023 07:10

Oct 4 (Reuters) - Cell Impact AB (publ)  CELLI.ST :
    * CELL IMPACT PUBLISHES OPERATIONAL UPDATE, ANNOUNCES
PRELIMINARY
SALES FIGURES FOR THE THIRD QUARTER 2023 AND WILL CONVENE AN EGM
TO CREATE FLEXIBILITY IN UPCOMING CAPITAL RAISING
    * NET SALES DURING Q3 PRELIMINARILY AMOUNTED TO
APPROXIMATELY SEK
8 MILLION (17), WHICH IS LESS THAN EXPECTED.
    * TREND OF DELAYED ORDERS FROM Q2 CONTINUES AND TENDENCY IS
STRONGER THAN BEFORE
    * ASSESSES THAT LOWER LEVEL OF DEMAND FOR FLOW PLATES IN
PARTICULAR WILL LAST SEVERAL QUARTERS BEFORE A POSITIVE TREND IS
ESTABLISHED AGAIN
    * GREATER FOCUS WITHIN COMPANY ON ELECTROLYSER PLATES, TOOLS
FOR
NEW PROJECTS, AND EQUIPMENT SALES TO LARGER INDUSTRIAL PLAYERS
    * WILL CONTINUE TO ADAPT ITS COSTS TO DEMAND SITUATION
    * CASH POSITION AS OF END OF SEPTEMBER AMOUNTS TO
APPROXIMATELY
SEK 35 MILLION
    * CELL IMPACT AB (PUBL) - CONSIDERING Q3'S DEVELOPMENT AND A
FEARED CONTINUED LOWER DEMAND FOR FLOW PLATES INTO 2024, AN
UPCOMING FURTHER ADJUSTMENT OF TARGETS CANNOT BE RULED OUT

Source text for Eikon:  ID:nWkr2bnq3w 
Further company coverage:  CELLI.ST 

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