Brief: Nilar International AB Says July-September 2021 Loss Per Share Before/After Dilution SEK 2.20

NILAR INTERNATIONAL AB

22/11/2021 20:50

Nov 22 (Reuters) - Nilar International AB  NILAR.ST :
    * JULY- SEPTEMBER 2021 LOSS PER SHARE BEFORE/AFTER DILUTION
SEK
-2.20
    * JULY - SEPTEMBER 2021 NET SALES, MSEK 5.4 (7.5)
    * HAS DECIDED TO SCALE BACK PRODUCTION AND INITIATED A COST
REDUCTION PROGRAMME
    * LOWER PRODUCTION WILL AFFECT REVENUES IN SHORT TO MEDIUM
TERM
AND TARGET OF 1 BILLION IN TURNOVER IN 2023 HAS BEEN PUSHED
FORWARD TO 2025
    * NILAR INTERNATIONAL - FACTORY BUILT IN ESTONIA HAS DECIDED
TO
POSTPONE EXPECTED START OF PRODUCTION UNTIL END OF 2022 AS A
RESULT OF COVID-19 ISSUES
    * QTRLY OPERATING LOSS MSEK 112.2  VERSUS LOSS OF MSEK 58.3

Source text for Eikon:  ID:nWkr1sJM2c 
Further company coverage:  NILAR.ST 

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