Brief: Move About Group Q4 EBITDA Loss Widens To SEK 13.5 Mln
29/03/2022 07:21
March 29 (Reuters) - Move About Group AB MOVEA.ST :
* Q4 AND YEAR-END FIGURES FOR 2021: STRONG GROWTH IN INCOME AND USERS
* Q4 TOTAL INCOME SEK 16.2 MILLION VS SEK 6.8 MILLION YR AGO
* Q4 EBITDA LOSS SEK 13.5 MLN VS LOSS SEK 3.0 MLN YR AGO
* ADJUSTED EBITDA SHOWED NEGATIVE SEK 16,1 MILLION FOR JAN. - DEC. 2021, COMPARED TO
POSITIVE SEK
2,9 MILLION COMPARED TO JAN. - DEC. 2020
* 2021 TOTAL INCOME INCREASED BY SEK 17,8 MILLION OR 57% AND REACHED SEK 48,0 MILLION (30,2)
* STILL, THE EFFECTS OF COVID-19 HAVE IMPACTED CORPORATE SECTOR THROUGHOUT THE YEAR OF 2021
AS
THEY TEND TO POSTPONE DECISIONS AS EMPLOYEES ARE WORKING REMOTELY AND THE CONTINUED PROLONGATION
OF THE PANDEMIC WAS UNCERTAIN
* THE WAR IN UKRAINE HAS PUT A STRAIN ON PRODUCTION OF ELECTRIC VEHICLES.
Source text for Eikon: ID:nBQNbs9mxG
Further company coverage: MOVEA.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))