Brief: Ferroamp Realises Write-Downs Of Just Over SEK 130 Mln

Ferroamp AB (publ)

20/09/2024 14:08

Sept 20 (Reuters) - Ferroamp AB (publ)  FERRO.ST :
    * REALISES WRITE-DOWNS OF JUST OVER SEK 130 MILLION AS A
RESULT OF
COMPLETED STRATEGIC REVIEW
    * TODAY ANNOUNCES NON-CASH IMPAIRMENT CHARGES AND PROVISIONS
TOTALLING APPROXIMATELY SEK 134 MSEK
    * THIS AFFECTS THE RESULT IN THE THIRD QUARTER THIS YEAR
    * VALUATION OF THE EXISTING INVENTORY IS REDUCED BY
APPROXIMATELY
SEK 55 MILLION
    * IMPAIRMENT OF CERTAIN INTANGIBLE ASSETS OF APPROXIMATELY
SEK 34
MILLION
    * APPROXIMATELY SEK 45 MILLION IN EXPECTED IMPAIRMENT OF
SURPLUS
COMPONENTS FROM THE SCALED-DOWN PRODUCTION RATE

Source text for Eikon:  ID:nBQN7MnhN0 
Further company coverage:  FERRO.ST 

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