Brief: Permascand Revises Value Of Order Backlog

Permascand Top Holding AB

29/06/2022 06:48

June 29 (Reuters) - Permascand Top Holding AB  PSCAND.ST :
    * PERMASCAND REVISES VALUE OF ORDER BACKLOG
    * ORDER BACKLOG IS WRITTEN DOWN BY APPROXIMATELY SEK 65
MILLION
    * ORDER BACKLOG IS WRITTEN DOWN AS CO NOW ESTIMATES THAT
PARTS OF
PREVIOUS ORDER WILL NO LONGER BE REALIZED WITHIN FORESEEABLE
FUTURE
    * CLIENT DECIDED TO REDUCE ORDER DUE TO INTERNAL PRIORITIES
AND A
CHANGED GEOGRAPHICAL FOCUS
    * SALES FOR CURRENT CALENDAR YEAR WILL NOT BE NEGATIVELY
AFFECTED
    * WILL REPAY ABOUT SEK 20 MILLION OF ADVANCE PAYMENT,
RECEIVED IN
CONNECTION TO PLACING OF ORDER IN 2018
    * REPAYMENT OF SEK 20 MILLION WILL HAVE A NEGATIVE IMPACT ON
COMPANY'S CASH FLOW DURING Q4 OF 2022

Source text for Eikon:  ID:nMFN2WNtNL 
Further company coverage:  PSCAND.ST 

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