Brief: IAR Systems Carries Out Impairment Off Non-Relevant Products
17/12/2021 15:32
Dec 17 (Reuters) - IAR Systems Group AB IARb.ST :
* COMPLETES REVIEW AND CARRIES OUT IMPAIRMENT OFF NON-RELEVANT PRODUCTS
* IS CARRYING OUT A PRELIMINARY TOTAL IMPAIRMENT OF SEK 116M ON INDIVIDUAL INTANGIBLE
DEVELOPMENT
ASSETS THAT ARE NO LONGER RELEVANT PRODUCTS
* HAS DECIDED THAT COMPANY WILL FOCUS ON FEWER AREAS WHERE IT HAS POTENTIAL TO GENERATE
HEALTHY
FUTURE INCOME
* IMPAIRMENT IS OF A NON-RECURRING NATURE AND WILL NOT AFFECT CASH FLOW
Source text for Eikon: ID:nWkr64w63y
Further company coverage: IARb.ST
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