Brief: Serstech Q1 Net Loss Narrows To SEK 3.2 Million

Serstech AB

27/04/2020 12:42

April 27 (Reuters) - Serstech AB  SERT.ST :
    * REG-SERSTECH AB: FIRST QUARTER REPORT 1 JANUARY – 31 MARCH
2020
    * Q1 NET SALES: KSEK 6 012 (3 251)
    * DUE TO COVID-19 PANDEMIC, WHERE A COMPANY THAT IS
DEPENDENT ON
GOVERNMENTAL TENDERS IS ESPECIALLY EFFECTED, SERSTECH EXPECT
SALES IN 2020 TO BE LOWER THAN IN 2019.
    * LONG TERM NEED FOR OUR PRODUCTS IS UNAFFECTED OR INCREASED
AND
OUR FINANCIAL GOALS REMAIN INTACT
    * Q1 NET LOSS SEK 3.2 MILLION VERSUS LOSS SEK 3.7 MILLION
YEAR AGO
    * SERSTECH IS IN A GOOD CONDITION TO WEATHER STORM AHEAD

Source text for Eikon:  ID:nGNE86R6zw 
Further company coverage:  SERT.ST 

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