Brief: Cinis Fertilizer: Delays At Northvolt To Generate Costs Of About SEK 25 Mln In 2024

Cinis Fertilizer AB

09/07/2024 07:33

July 9 (Reuters) - Cinis Fertilizer AB  CINIS.ST :
    * HAS REVISED THE SCHEDULE FOR ITS PLANNED PRODUCTION
FACILITY IN
SKELLEFTEÅ FOLLOWING NORTHVOLT'S COMMUNICATED DELAYS IN THE
RAMP-UP OF THE PRODUCTION PLANT THERE
    * BELIEVES THAT DELAYS AT NORTHVOLT WILL ENTAIL ADDITIONAL
COSTS
OF ABOUT SEK 25 MILLION IN 2024 AND THAT TARGET OF EBITDA MARGIN
EXCEEDING 25% WILL NOT BE ACHIEVED FOR 2024

Source text for Eikon:  ID:nWkrTH54N 
Further company coverage:  CINIS.ST 

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