Brief: Concentric AB Says Customer Warranty Claim From A Manufacturing Defect

Concentric AB

20/05/2024 20:03

May 20 (Reuters) - Concentric AB  CONIC.ST :
    * CUSTOMER WARRANTY CLAIM FROM A MANUFACTURING DEFECT
    * AFTER A PRELIMINARY ASSESSMENT, NET COST IS ESTIMATED TO
BE IN
RANGE OF MSEK 60 TO 100.
    * MANUFACTURING DEFECT DOES NOT POSE A PRODUCT SAFETY ISSUE.
    * IT IS NOT POSSIBLE TO DEFINITIVELY DETERMINE FINANCIAL
IMPACT AT
THIS STAGE, HOWEVER, NET COST COULD BE MATERIAL
    * BASED ON INFORMATION WE HAVE TO DATE, WE PLAN TO PROVIDE
MSEK
100 IN OUR Q2 RESULTS.

Source text for Eikon:  ID:nWkr61tHrX 
Further company coverage:  CONIC.ST 

 ((Reuters.Briefs@thomsonreuters.com;))