Brief: Concentric Expects Q4 Net Sales To Be Slightly Lower Than In Q3

Concentric AB

08/11/2023 07:12

Nov 8 (Reuters) - Concentric AB  CONIC.ST :
    * EXPECT NET SALES IN Q4 TO BE SLIGHTLY LOWER THAN NET SALES
ACHIEVED IN Q3
    * HIGH INTEREST RATES AND HIGH INFLATION HAS IMPACTED LEVEL
OF
DEMAND FOR OUR PRODUCTS
    * VISIBILITY OF TRUE MARKET DEMAND REMAINS LIMITED WHILST
OUR
CUSTOMERS CONTINUE TO REDUCE THEIR INVENTORY LEVELS
    * WILL ACTIVELY MANAGE OUR COST BASE

Source text for Eikon:  ID:nWkr3mcBwg 
Further company coverage:  CONIC.ST 

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