Brief: Pierce Group Books Impairment Of SEK 17 Mln in Q4

Pierce AB (publ)

20/02/2024 10:29

Feb 20 (Reuters) - Pierce Group AB (publ)  PIERCE.ST :
    * Q4 IMPAIRMENT OF GOODWILL ATTRIBUTABLE TO SEGMENT OTHER
IMPACTED
AMORTISATION AND IMPAIRMENT BY SEK 17 MILLION
    * LOOKING FORWARD, WE SEE A PREVAILING WEAK CONSUMER DEMAND
AS WE
ENTER NEW YEAR
    * MARKET OUTLOOK REMAINS UNCERTAIN, BUT WE ANTICIPATE A
MODEST
IMPROVEMENT IN CONSUMER SENTIMENT OVER COURSE OF 2024
    * FCF PLANNED TO BE USED FOR CONTINUED DEVELOPMENT OF CO AND
WILL,
THEREFORE, NOT BE  DISTRIBUTED TO SHAREHOLDERS

Source text for Eikon:  ID:nMFN4HQd83 
Further company coverage:  PIERCE.ST 

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