Brief: Fastator Q2 Operating Loss Widens To SEK 50.3 Mln

Fastator AB (publ)

16/08/2024 06:59

Aug 16 (Reuters) - Fastator AB (publ)  FASTAT.ST :
    * Q2 REVENUE SEK 78.7 MILLION (116.7)
    * UNFAVOURABLE DEVELOPMENT IN THE PROPERTY MARKET HAS ALSO
AFFECTED FASTATOR WITH CLEAR EFFECTS AT YEAR-END
    * SINCE SPRING, WE HAVE ACTED TO SECURE CONTINUED FINANCING
AND TO
NOT HAVE TO CARRY OUT UNFAVOURABLE SALES OF ASSETS WHEN PRICE IS
LOWER THAN LONG-TERM VALUE
    * Q2 LOSS FOR THE PERIOD SEK 92.3 MILLION VERSUS LOSS SEK
76.0
MILLION YEAR AGO
    * WE HAVE CREATED CONDITIONS FOR AN ORDERLY MANAGEMENT OF
CO'S
DEBT FOR SEVERAL YEARS
    * Q2 ROE LOSS 17.7% VERSUS LOSS 4.9% YEAR AGO
    * Q2  OPERATING LOSS SEK 50.3 MILLION VERSUS LOSS SEK 24.8
MILLION
YEAR AGO

Source text for Eikon:  ID:nMFN1LKX9Y 
Further company coverage:  FASTAT.ST 

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