Brief: Nilar International Expects Q4 Oper Profit Of Loss About SEK 720 Mln Due To Write Downs

NILAR INTERNATIONAL AB

14/02/2022 14:34

Feb 14 (Reuters) - Nilar International AB  NILAR.ST :
    * IMPAIRMENT OF INTANGIBLE ASSETS IN CONNECTION WITH
STRATEGY
CHANGES FOR NILAR INTERNATIONAL AB
    * PRELIMINARY ASSESSMENT IS THAT NEED FOR IMPAIRMENT AMOUNTS
TO
APPROXIMATELY SEK 140 MILLION
    * WRITE-DOWN IS ATTRIBUTABLE TO OLDER DEVELOPMENT WORK
CONCERNING
SYSTEM DESIGN AND PRODUCTION METHODS
    * WRITE-DOWN WILL HAVE A NEGATIVE EFFECT ON RESULT IN Q4 OF
2021,
WHEREBY OPERATING PROFIT FOR PERIOD IS EXPECTED TO AMOUNT TO A
LOSS OF APPROXIMATELY SEK -270 MILLION
    * WRITE-DOWN DOES NOT AFFECT CASH FLOW AND NILAR WILL
CONTINUE TO
HAVE A GOOD EQUITY RATIO AFTER WRITE-DOWN

Source text for Eikon:  ID:nWkr3g7cfS 
Further company coverage:  NILAR.ST 

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