Brief: Move About Group Q1 EBITDA Loss Narrows To SEK 0.3 Mln

Move About AB

30/05/2023 07:15

May 30 (Reuters) - Move About Group AB  MOVEA.ST :
    * Q1 REPORT IS SATISFACTORY AS EFFICIENCY MEASURES WE
IMPLEMENTED
DURING WINTER ARE NOW STARTING TO BITE
    * COSTS FOR COMPANY'S TRANSFORMATION HAVE BEEN HIGHER THAN
ESTIMATED
    * WE HAVE NOT BEEN ABLE TO RENEGOTIATE ALL LEASES FROM 36 TO
60
MONTHS DURATION
    * WE HAVE NOT MANAGED TO TURN COMPANY INTO PROFIT YET.
    * Q1 EBITDA LOSS SEK 0.3 MILLION VERSUS LOSS SEK 14.6
MILLION YEAR
AGO

Source text for Eikon:  ID:nBQN2C03Tw 
Further company coverage:  MOVEA.ST 

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