Brief: Ferronordic Says Does Not Get Sufficient Returns On Organisation

Ferronordic AB

22/02/2024 06:56

Feb 22 (Reuters) - Ferronordic AB  FNMA.ST :
    * ALTHOUGH WE SAW CONTINUED GOOD DEMAND IN OUR WORKSHOPS, WE
DO
NOT GET SUFFICIENT RETURNS ON OUR ORGANISATION.
    * IN GERMANY, WE HAD A CHALLENGING QUARTER AND FACE A WEAKER
MARKET.
    * LONG DELIVERY LEAD TIMES FROM SUPPLIERS AND DECLINING
DEMAND
CONTRIBUTED TO CONTINUED GROWTH IN INVENTORY AND DEBT DURING
QUARTER.
    * WE ARE TAKING MEASURES TO REDUCE INVENTORY IN H1 2024

Source text for Eikon:  ID:nWkr7t9c47 
Further company coverage:  FNMA.ST 

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