Brief: Nilar Q1 EBIT Loss Narrows To SEK 63.5 Million

NILAR INTERNATIONAL AB

10/05/2022 07:51

May 10 (Reuters) - Nilar International AB  NILAR.ST :
    * Q1 NET SALES, MSEK -4.2 (5.4)
    * Q1 EBIT LOSS SEK 63.5 MILLION VERSUS LOSS SEK 96.0 MILLION
YEAR
AGO
    * Q1 PRODUCTION 0.0 MWH VERSUS 3.2 MWH YEAR AGO
    * IS FOLLOWING PLAN TO SCALE UP OUR PRODUCTION IN LINE WITH
DEMAND, STARTING IN Q3 OF 2022
    * SAVINGS MEASURES INTRODUCED IN 2021 HAVE HAD A FASTER
EFFECT
THAN EXPECTED
    * SAVINGS MEASURES WILL BE FULLY REFLECTED IN RESULT FOR Q2
OF
THIS YEAR
    * NEGATIVE TURNOVER IN Q1 LIKE IN Q4 2021 IS DUE TO
REPURCHASED
SYSTEMS FROM 2 EUROPEAN DISTRIBUTERS

Source text for Eikon:  ID:nWkrql3nZ 
Further company coverage:  NILAR.ST 

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