Brief: Hifab: Swedish Agency For Economic And Regional Growth Considers Reclaiming Short-Term Support

Hultstrom AB

05/07/2021 08:11

July 5 (Reuters) - Hifab Group AB  HIFAb.ST :
    * SAID ON FRIDAY SWEDISH AGENCY FOR ECONOMIC AND REGIONAL
GROWTH
IS CONSIDERING RECLAIMING OF PREVIOUSLY PAID SHORT-TERM SUPPORT,
REGARDING THE YEAR 2020, FOR HIFAB OF SEK 1.8 MILLION
    * CO ASSESSES ALSO THAT SHORT-TERM SUPPORT APPLIED FOR THE
CURRENT
YEAR MAY ALSO BE IN THE DANGER ZONE
    * IN THEIR MOTIVATION, AGENCY WRITES THAT THEIR
INVESTIGATION HAS
NOT SHOWN THAT HIFAB HAS SUFFERED FROM SUCH TEMPORARY, SERIOUS
FINANCIAL DIFFICULTIES AS DESCRIBED IN SECTION 5 A OF THE ACT ON
SUPPORT FOR SHORT-TERM WORK
    * THIS MEANS THAT HIFAB DOES NOT MEET THE REQUIREMENTS FOR
BEING
ENTITLED TO SUPPORT FOR SHORT-TERM WORK
    * CO HAS UNTIL 2 AUGUST TO ANSWER THE CONSIDERATION BEFORE A
FINAL
DECISION IS MADE AND ESTIMATES THAT THE DECISION WILL COME IN
AUGUST
    * WILL ANSWER THAT IT DOES NOT SHARE THE AGENCY'S VIEW
    * IF THE DECISION WERE TO FOLLOW THE CONSIDERATION, IT MEANS
A
REPAYMENT OF SEK 1.8 MILLION, WHICH WILL AFFECT CASH FLOW
    * TAKING INTO ACCOUNT NEGATIVE IMPACT ON EARNINGS, THE
ASSESSMENT
IS THAT CO WILL SHOW A NEGATIVE RESULT FOR Q2 2021 OF SEK -7
(2.9) MILLION

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkrbtH0cD
    
 Further company coverage:  HIFAb.ST  
   


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