Brief: Mentice Q2 EBITDA Swings To Loss SEK 12.2 Mln

Mentice AB

21/07/2022 07:36

July 21 (Reuters) - Mentice AB  MNTC.ST :
    * MENTICE PUBLISHES THE COMPANY'S INTERIM REPORT FOR THE
PERIOD
APRIL - JUNE 2022
    * Q2 ORDER INTAKE AMOUNTED TO 57,3 (40,1) MSEK.
    * Q2 ORDER BOOK BY END OF PERIOD WAS 108,9 (67,9) MSEK
    * Q2 NET SALES SEK 45,1 MILLION VERSUS SEK 46.4 MILLION YEAR
AGO
    * Q2 EBITDA TOTALED -12,2 (0,5) MSEK.
    * OUR MARKET DELIVER STRONG ON  ALL AREAS WHILE WE SEE THE
SEASONAL EFFECTS IMPACTING US TO  A HIGHER DEGREE IN THE NORTH
AMERICAN REGION
    * EBITDA RESULT FOR Q IS LOSS 12.2 (-0.5) MSEK MOSTLY
RELATED TO
HIGH COST OF PERSONNEL, INCREASING  TRAVEL COSTS AS WELL AS
LOWER LEVEL OF CAPITALIZATION OF  DEVELOPMENT RESOURCES DURING Q
    * IN CHINA, WE HAVE EXPERIENCED CONTINUED  LOCK-DOWNS DUE TO
THE
PANDEMIC
    * WE SEE CONTINUED CHALLENGES WITH MATERIAL AND  COMPONENT
SUPPLY,
UNCLARITIES WITH RESPECT TO LOGISTICS AS  WELL AS AIR TRAVEL

Source text for Eikon:  ID:nWkr9fKbJY 
Further company coverage:  MNTC.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))