Brief: Duroc Meets Temporary Adverses In Short Term, Oct-Nov Oper Loss At SEK 4.4 Mln

Duroc AB

17/12/2021 08:05

Dec 17 (Reuters) - Duroc AB  DURCb.ST :
    * SAID ON THURSDAY MEETS TEMPORARY ADVERSES IN THE SHORT
TERM BUT
STILL SEES GOOD POTENTIAL GOING FORWARD
    * OPERATING PROFIT SO FAR (OCT-NOV) AMOUNTED TO SEK -4.4
MILLION
    * TRENDS OF CONTINUED DISRUPTION IN THE FORM OF ESCALATING
RAW
MATERIAL AND ENERGY PRICES AS WELL AS THE NEGATIVE EFFECTS OF
THE SHORTAGE OF SEMICONDUCTORS HAS CONTINUED INTO THE SECOND
QUARTER
    * OPERATING PROFIT FOR THE SECOND QUARTER OF 2020 AMOUNTED
TO SEK
13 MILLION AND THE PROSPECTS FOR ACHIEVING CORRESPONDING RESULTS
DURING THE SECOND QUARTER OF THIS YEAR ARE NO LONGER CONSIDERED
PROBABLE
    * NET DEBT EXCLUDING LEASING DEBT FROM IFRS 16 AMOUNTED TO
SEK
171.2 MILLION AT THE END OF NOVEMBER
    * LONG-TERM STRATEGY WORK IN COTTING GROUP HAS RESULTED IN A
NEW
IMPORTANT ORDER FROM A CAR MANUFACTURER AFTER A YEAR OF
INTENSIVE DEVELOPMENT WORK WITH VALUE OF ABOUT EUR 52 MLN OVER
SIX YEARS AND THE FIRST DELIVERY WILL TAKE PLACE AT THE END OF
2023.
    * IN THE SHORT TERM, THE CHALLENGE FOR DUROC LIES MAINLY IN
THE
FRENCH UNIT IN THE COTTING GROUP, WHICH IS STRONGLY EXPOSED TO
LOCAL CAR MANUFACTURERS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr9SVdpP
 Further company coverage:  DURCb.ST  

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