Brief: Komplett Q3 EBIT Turns To Loss Of NOK 10 Mln

Komplett ASA

25/10/2022 06:15

Oct 25 (Reuters) - Komplett ASA  KOMPLK.OL :
    * Q3 OPERATING REVENUE NOK 3,784 MILLION VERSUS NOK 2,715 MILLION YEAR AGO
    * SUCCEEDED IN IMPROVING NET WORKING CAPITAL BY NOK 200 MILLION AS A RESULT OF FACTORING
AGREEMENT
ANNOUNCED IN AUGUST.
    * FURTHER IMPROVEMENT OF NOK 100-200 MILLION IS PROJECTED IN Q4, AND EFFECT IS EXPECTED TO
INCREASE IN 2023.
    * FOR YEAR-TO-DATE PERIOD, INVENTORY HAS BEEN REDUCED BY NOK 426 MILLION FROM LAST YEAR'S
POSITION
    * NEGATIVE ADJUSTED EBIT RESULT FOR GROUP OF NOK 10 MILLION
    * ADJ EBIT WAS NEGATIVE IN Q3 DUE TO VOLUME DECLINE IN B2C SEGMENT, LOWER GROSS MARGINS IN
ALL
SEGMENTS RESULTING FROM PRICE PRESSURE ACROSS INDUSTRY

Source text for Eikon:  ID:nWkr2YVJL8 
Further company coverage:  KOMPLK.OL 
 (Gdansk Newsroom)
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