Brief: Moment Group Q1 Operating Result Swings To Loss Of SEK 21 Mln

Moment AB

18/04/2019 07:11

April 18 (Reuters) - Moment Group AB  MOMENT.ST :
    * INTERIM REPORT 1 JANUARY - 31 MARCH 2019
    * Q1 NET SALES SEK 217 MILLION VERSUS SEK 277 MILLION YEAR
AGO
    * REDUCTION IN SALES IS CHIEFLY ATTRIBUTABLE TO LIVE
ENTERTAINMENT
AND EVENT
    * IMPACT OF IFRS 16 HAS BEEN ADJUSTED, GIVING OPERATING LOSS
OF
SEK 21 MILLION (1) IN Q1
    * Q1 WAS CHARACTERIZED BY 2ENTERTAIN’S NEGATIVE SALES TRENDS
FOR
2018/19 SEASON, AND CHALLENGES INVOLVED IN REACHING
PROFITABILITY IN WALLMANS GROUP’S INVESTMENT IN KUNGSPORTSHUSET
IN GOTHENBURG

Source text for Eikon:  ID:nWkrbtgMDC 
Further company coverage:  MOMENT.ST 

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