Brief: Moment Group Q3 EBIT Loss Sek 31.0 Million

Moment AB

26/10/2018 07:36

Oct 26 (Reuters) - Moment Group AB  MOMENT.ST :
    * AFTER A PERIOD OF HIGH GROWTH AND WITH LISTING ON NASDAQ STOCKHOLM ACCOMPLISHED, THERE NOW
FOLLOWS A CONSOLIDATION PHASE
    * Q3 NET SALES: SEK 170.2 MILLION (146.1)
    * Q3 EBIT LOSS SEK 31.0 MILLION VERSUS LOSS SEK 11.3 MILLION YEAR AGO
    * INCREASED EXPOSURE TO SEASONAL VARIATIONS
    * WILL INTRODUCE INVESTMENT LIMITS IN 2019, WHERE ONLY BASIC MAINTENANCE WILL BE CARRIED OUT
IN
ARENAS
    * LIMITS  WILL ENTAIL A SIGNIFICANT REDUCTION IN ASSETS.
    * CHANGES ENTAIL COST SAVINGS TOTALLING SEK 10 MILLION ON AN ANNUAL BASIS

Source text for Eikon:  ID:nWkr7xbJC4 
Further company coverage:  MOMENT.ST 

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