Brief: Sintercast Delays Shipment Goals

SinterCast AB

26/04/2023 07:17

April 26 (Reuters) - SinterCast AB  SINT.ST :
    * LOWER PRODUCTION IN JANUARY AND FEBRUARY WAS EXACERBATED BY A 33% DECREASE IN YEAR-ON-YEAR
Q1
SAMPLING CUP SHIPMENTS
    * LOWER THAN EXPECTED SERIES PRODUCTION IN Q1, TARGET TO REACH MONTHLY FOUR MILLION ENGINE
EQUIVALENT HAS BEEN FURTHER DELAYED
    * IT IS LIKELY THAT GOAL TO REACH MONTHLY FIVE MILLION ENGINE EQUIVALENT MILESTONE BEFORE
END OF
2024 WILL ALSO BE DELAYED
    * NEAR-TERM OUTLOOK FOR SERIES PRODUCTION IS POSITIVE
    * UPTURN IN INSTALLATION PLANNING PROVIDES POSITIVE NEAR-TERM OUTLOOK
    * IT IS EXPECTED THAT CURRENT OPPORTUNITIES WILL ENABLE AVERAGE INSTALLATION REVENUE IN 2023
TO
2025 PERIOD TO RETURN HISTORICAL LEVEL OF ABOUT SEK 8 MILLION PER YEAR

Source text for Eikon:  ID:nMFNbk7SLX 
Further company coverage:  SINT.ST 

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