Brief: Lohilo Foods Moves Production For Better Liquidity, To Secure Capacity

Lohilo Foods AB (publ)

10/01/2022 08:07

Jan 10 (Reuters) - Lohilo Foods AB (publ)  LOHILO.ST :
    * MOVES PRODUCTION FOR BETTER LIQUIDITY AND TO SECURE
CAPACITY
    * RESERVES SEK 5 MILLION FOR 2021
    * SIGNS AGREEMENT WITH SWEDISH PARTNER FOR PRODUCTION OF
PARTS OF
CO'S PORTFOLIO
    * CHNAGES TO HAVE POSITIVE EARNINGS EFFECT ALREADY IN 2022,
WITH
FULL EFFECT EXPECTED TO BE ACHIEVED IN 2024
    * CHANGE MEANS THE CO'S FACTORY IN VAXJO WITH 7 EMPLOYEES
WILL BE
LIQUIDATED IN Q2 2022
    * PROFIT EFFECT ON ANNUAL BASIS IS ESTIMATED TO BE OF ABOUT
SEK
3.5 MILLION WHEN FULL EFFECT IS ACHIEVED

Source text for Eikon:  ID:nWkr34jnNw 
Further company coverage:  LOHILO.ST 

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