Brief: ChromoGenics Expects Reduced Turnover In 2019

ChromoGenics AB

19/09/2019 07:30

Sept 19 (Reuters) - ChromoGenics AB  CHRO.ST :
    * PROBLEMS WITH SPUTTERED FILM GIVE DECREASED TURNOVER,
CONFIRMS
THE NEED OF OWN SPUTTERING CAPACITY
    * CHROMOGENICS - EXPECT TURNOVER IN 2019 WILL REACH SEK
45-50
MILLION COMPARED TO SPRING'S COMMUNICATED SEK 80 MILLION, WHICH
WILL ALSO AFFECT OUR LIQUIDITY
    * DELIVERY OF CUSTOMER ORDERS FOR DYNAMIC PRODUCTS HAVE BEEN
DELAYED AND OUR REVENUE IS POSTPONED
    * SAYS WITH LIMITED PRODUCTION CAPACITY FOR REST OF YEAR, WE
NOW
AIM FOR SHARPLY INCREASED VOLUMES IN 2020
    * DELAYED DELIVERIES TO CUSTOMERS HAVE ALSO AFFECTED OUR
OPPORTUNITY FOR NEW SALES IN NEAR FUTURE
    * SAYS "QUALITY PROBLEMS AT OUR SUBCONTRACTOR HAVE BEEN
MACHINE-
AND PROCESS-RELATED"
    * CHROMOGENICS - EXISTING NEEDS FOR RE-DELIVERIES,
PREVIOUSLY
COMMUNICATED HAVE, IN CONSULTATION WITH CUSTOMER, BEEN POSTPONED
UNTIL SUMMER OF NEXT YEAR

Source text for Eikon:  ID:nWkr6njTR2 
Further company coverage:  CHRO.ST 

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