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MDV — Modivo SA News Story

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Brief: Modivo To Book H1 Impairment Of 287.6 Million Zlotys On Worldbox

BRIEF-Modivo To Book H1 Impairment Of 287.6 Million Zlotys On Worldbox

- Modivo SA MDVP.WA:

  • SAID ON FRIDAY THAT IT WOULD RECOGNIZE 287.6 MILLION ZLOTY CONSOLIDATED IMPAIRMENT CHARGE IN H1 FINANCIAL RESULTS RELATED TO WORLDBOX DUE TO SLOWER EXPANSION AND STRATEGIC FOCUS ON OFF-PRICE SEGMENT

  • IMPAIRMENT IS NON-CASH AND HAS NO IMPACT ON LIQUIDITY OR CREDIT COVENANTS

  • MICHAL KUJAWA RESIGNS AS WORLDBOX CEO, DARIUSZ MILEK INTENDED TO BE APPOINTED AS SUCCESSOR


Source text for Workspace: nEM6C6LtWa
Further company coverage: MDVP.WA


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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