Brief: Permascand Top Holding Says Experienced Significantly Weaker, Declining Demand Than Expected

Permascand Top Holding AB

04/05/2023 07:18

May 4 (Reuters) - Permascand Top Holding AB  PSCAND.ST :
    * TRADING UPDATE ON THE CURRENT MARKET SITUATION FOR PERMASCAND DURING THE FIRST QUARTER OF
THE
YEAR
    * EXPERIENCING SIGNIFICANTLY WEAKER AND DECLINING DEMAND THAN EXPECTED
    * ESTIMATES THAT INSTALLATION CYCLE IN BALLAST WATER TREATMENT HAS REACHED ITS PEAK.
    * CUSTOMERS IN ALL SEGMENTS ARE CAUTIOUS IN INVESTMENT DECISIONS, WHICH HIT COMPANY WITH
LOWER
ORDER INTAKE THAN EXPECTED
    * LOSS OF REVENUES IN WATER TREATMENT SEGMENT.

Source text for Eikon:  ID:nMFN1kJpJ1 
Further company coverage:  PSCAND.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))