Brief: Concentric Closes Its Facility In Chivilcoy, Argentina

Concentric AB

07/01/2022 15:46

Jan 7 (Reuters) - Concentric AB  CONIC.ST :
    * CONCENTRIC CLOSES ITS FACILITY IN CHIVILCOY, ARGENTINA
    * ONE-OFF COST OF CLOSURE AMOUNTS TO PRELIMINARY MSEK 22 AND
WILL
BE REFLECTED IN Q4 2021 FINANCIAL STATEMENTS
    * EVALUATED DIFFERENT ALTERNATIVES FOR FACILITY IN ARGENTINA
AND
HAS CONCLUDED THAT REGRETTABLY IT IS NOT VIABLE TO CONTINUE
OPERATIONS BECAUSE OF SUSTAINED, CHALLENGING MACRO-ECONOMIC
SITUATION IN COUNTRY

Source text for Eikon:  ID:nWkr22tW4x 
Further company coverage:  CONIC.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))