Brief: Otovo Says Change In Italian Subsidy Scheme Affecting Outlook

Otovo ASA

17/02/2023 16:46

Feb 17 (Reuters) - Otovo ASA  OTOVO.OL :
    * CHANGE IN ITALIAN SUBSIDY SCHEME AFFECTING OUTLOOK
    * CHANGES IN ITALY WILL NEGATIVELY IMPACT GROUP SALES IN
QUARTER
AND, TO A LESSER EXTENT, SLOW DOWN INSTALLATION PACE
    * TAX CREDITS FROM INSTALLED PROJECTS ARE NOT PERCEIVED TO
BE
IMPACTED BY CHANGES
    * IMPACT ON PROJECTS IN PIPELINE AND IN PROCESS OF BEING
INSTALLED
REMAINS UNCLEAR, AND COULD RESULT IN AN INCREASED LEVEL OF
ABANDONMENT

Source text for Eikon:  ID:nObilVtP7a 
Further company coverage:  OTOVO.OL 
 ((Reuters.Briefs@thomsonreuters.com;))