Brief: Midsummer Prepares To Raise Capital To Expand Production Capacity

Midsummer AB

10/10/2022 07:44

Oct 10 (Reuters) - Midsummer AB  MIDSU.ST :
    * REPORTS RECORD ORDER INTAKE IN Q3, PREPARES TO RAISE
CAPITAL TO
EXPAND PRODUCTION CAPACITY
    * IN Q3 ORDER INTAKE IN SOLAR CELL ROOFS UNIT WAS SEK 37.8
MILLION, UP 63% Y/Y
    * DEMAND IN SWEDISH RESIDENTIAL MARKET SET NEW RECORD DURING
QUARTER, WHILE SALES TO COMMERCIAL OPERATORS INCREASED
SIGNIFICANTLY
    * CONSIDERS SHARE CAPITAL INCREASE IN FORM OF RIGHTS ISSUE
IN Q4
    * DEMAND FOR MIDSUMMER BOLD, A SPECIALLY DEVELOPED LARGE
PANEL FOR
COMMERCIAL, INDUSTRIAL ROOFS, HAS INCREASED IN SWEDEN AND
INTERNATIONALLY
    * AIMS TO SECURE FINANCING FOR INCREASED PRODUCTION CAPACITY
AND
WORKING CAPITAL FOR PLANT IN JÄRFÄLLA

Source text for Eikon:  ID:nMFN3WNLzq 
Further company coverage:  MIDSU.ST 
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