Brief: Polyplank Q1 Turnover Up At SEK 9.8 Million

PolyPlank AB (publ)

21/04/2022 08:55

April 21 (Reuters) - PolyPlank AB (publ)  POLY.ST :
    * Q1 TURNOVER UP AT SEK 9.8 MILLION VERSUS SEK 6.8 MILLION
YEAR
AGO
    * COMPANY STILL BURDENED BY HEAVY ADDITIONAL COSTS FOR
MACHINE
BREAKDOWNS WITH MORE THAN SEK 1 MILLION FOR Q1
    * OUTLOOK: NEW MOULDING MACHINE HAS BEEN IN OPERATION SINCE
11
APRIL AND FULL OPERATION SHOULD BE POSSIBLE IN EARLY/MID MAY
    * OUTLOOK: FULL OPERATION OF MOULDING MACHINE SHOULD REMOVE
MOST
OF THOSE EXTRA COSTS
    * OUTLOOK - THE SECOND INVESTMENT IN OUR EXTRUSION LINE IS
UNDERWAY AND SHOULD BE IN PLACE BY OCTOBER-22
    * OUTLOOK - AT THE SAME TIME, WE ARE NOW LOOKING AT A NEW
INVESTMENT IN OUR IN-HOUSE MATERIAL SUPPLY TO TAKE US ONE LEVEL
FURTHER - CEO
    * OUTLOOK - WAR IN UKRAINE HAS NOT YET HAD AN IMPACT, BUT
MAY IN
LONG TERM NEGATIVELY AFFECT PROCUREMENT OF RAW MATERIALS AND
PRICES - CEO
    * Q1 ORDER INTAKE UP 19.3% (SEK 6.8 MILLION IN 2022 VERSUS.
SEK
5.7 MILLION IN 2021)

Further company coverage:  POLY.ST 

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