Brief: Nilar Sales Volumes In Q3 Were Slightly Lower Than In Q2

NILAR INTERNATIONAL AB

12/10/2021 14:04

Oct 12 (Reuters) - Nilar International AB  NILAR.ST :
    * LOWER SALES AND SUPPLY DISRUPTIONS AFFECT SECOND HALF
RESULTS
    * SALES VOLUMES IN Q3 WERE SLIGHTLY LOWER THAN IN Q2
    * DECLINE IS PARTLY DUE TO DISTURBANCES AMONG CUSTOMERS IN
CONSTRUCTING COMPLETE SOLUTIONS, WHICH AT PRESENT IS ALSO
HAMPERED BY PROBLEMS IN GLOBAL SUPPLY CHAIN
    * PRODUCTION RATE IN GÄVLE, SWEDEN IS CURRENTLY GOOD AND
PRODUCTION VOLUMES IN Q3 EXCEEDED TOTAL VOLUMES FOR FIRST HALF
OF 2021, WITH SIGNIFICANT GROWTH COMPARED TO SAME PERIOD LAST
YEAR
    * WILL BE IN NEED OF ADDITIONAL EXTERNAL CAPITAL IN 2022
    * NILAR HAS PREVIOUSLY COMMUNICATED A SALES TARGET OF SEK 1
BILLION IN 2023. TARGET REMAINS BUT HAS BEEN POSTPONED UNTIL
2025
    * CURRENT LOAN TERMS VIS-À-VIS EUROPEAN INVESTMENT BANK,
EIB, MAY
BE RENEGOTIATED
    * IS CURRENTLY EXPANDING PRODUCTION CAPACITY AT FACILITY IN
GÄVLE,
SWEDEN, BUT AT A SOMEWHAT SLOWER PACE THAN PREVIOUSLY PLANNED
    * AT END OF YEAR, TWO ADDITIONAL PRODUCTION LINES ARE
EXPECTED TO
BE INSTALLED, IN ADDITION TO FOUR LINES CURRENTLY IN USE
    * NOW DECIDED TO RELOCATE TWO OF THESE LINES TO WESTERN
ESTONIA,
WHERE A NEW PRODUCTION FACILITY IS BEING COMPLETED
    * IN 2022, A TOTAL OF FOUR PRODUCTION LINES IN ESTONIA ARE
EXPECTED TO BE PUT INTO OPERATION

Source text for Eikon:  ID:nWkr6H5DbK 
Further company coverage:  NILAR.ST 

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