Brief: Erbud's MOD21 Unit To Incur About EUR 8 Mln Loss Due To Negligence On Munich Project

Erbud SA

03/02/2025 16:19

Feb 3 (Reuters) - Erbud SA  ERB.WA :
    * IDENTIFIES NEED FOR SUBSIDIARY MOD21 TO INCUR ADDITIONAL COSTS
    * NEGLIGENCE ON MUNICH CONTRACT LEADS TO FLOODED MODULES REQUIRING REPAIR
    * ESTIMATED LOSS OF APPROXIMATELY 8 MILLION EUROS
    * CONSOLIDATED OPERATING LOSS OF MODULAR TIMBER CONSTRUCTION SEGMENT
ESTIMATED AT
50-55 MILLION PLN

Source text:  ID:nEM19W2fKa 
Further company coverage:  ERB.WA 

 (Reporting by Gdansk Newsroom)
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