Brief: MilDef Announces Delivery Delays In Q4

MilDef AB

13/12/2022 07:39

Dec 13 (Reuters) - MilDef Group AB  MILDEF.ST :
    * ON MONDAY ANNOUNCED DELIVERY DELAYS IN THE FOURTH QUARTER
    * IN Q4, APPROXIMATELY SEK 60-70 MILLION OF ORDER BOOK WITH
DELIVERY PLANNED FOR CURRENT QUARTER IS EXPECTED TO BE MOVED TO
Q1 AND Q2 2023
    * NO BUSINESS WILL BE LOST, BUT REVENUE AND PROFIT WILL BE
NEGATIVELY IMPACTED IN Q4 AND POSITIVELY IMPACTED IN FIRST HALF
OF 2023
    * A COUPLE OF LARGE DELIVERIES WILL BE RESCHEDULED TO Q1 AND
Q2
2023 DUE TO COMPONENT SHORTAGES
    * THIS HAS AN IMPACT OF SEK 60-70 MILLION ON REVENUE FOR
QUARTER,
OF WHICH APPROXIMATELY 50 PERCENT EACH WILL BE ALLOCATED TO
FIRST AND SECOND QUARTERS OF 2023
    * WILL ADD THIS REVENUE ON TOP OF PREVIOUSLY COMMUNICATED
REVENUE
TARGET OF 25 PERCENT GROWTH PER YEAR.
    * WE HAVE ANALYZED DELIVERY ISSUES IN 2021-2022 AND
ACTIVATED
MEASURES WITH AIM OF MINIMIZING THIS TYPE OF DISRUPTION NEXT
YEAR
    * MILDEF GROUP AB SHARES DOWN 4.7% AFTER ANNOUNCES DELIVERY
DELAYS
IN Q4

Source text for Eikon:  ID:nWkr2PP0zl 
Further company coverage:  MILDEF.ST 
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