Brief: Sivers Semiconductors Q4 Adjusted EBITDA Loss Narrows To SEK 16.94 Mln

Sivers Semiconductors AB

02/02/2023 07:12

Feb 2 (Reuters) - Sivers Semiconductors AB  SIVEH.ST :
    * Q4 NET SALES AMOUNTED TO SEK 49.771 M (23.390), EQUIVALENT
TO AN
INCREASE OF 113%
    * Q4 LOSS BEFORE DEPRECIATION AND AMORTIZATION (EBITDA)
AMOUNTED
TO SEK -16.113 M (-23.422)
    * Q4 ADJUSTED EBITDA TOTALED SEK -16.943 M (-21.755)
    * OUTLOOK FOR 2023: PREVIOUSLY ANNOUNCED CUSTOMER CONTRACTS
ARE
EXPECTED TO DRIVE SIGNIFICANT NET SALES GROWTH FOR SIVERS IN
2023
    * OUTLOOK FOR 2023: CONTINUOUS OPTIMIZATION OF COSTS AND
INVESTMENTS, TOGETHER WITH NET SALES GROWTH, ARE EXPECTED TO
ACCELERATE SIVERS' PATH TO PROFITABILITY
    * OUTLOOK FOR 2023: FOR 2023 SIVERS EXPECTS NET SALES GROWTH
TO
EXCEED 100% OVER 2022
    * OUTLOOK FOR 2023: NET SALES MAY VARY BETWEEN QUARTERS AS A
RESULT OF INDIVIDUAL CONTRACTS
    * OUTLOOK FOR 2023: EXPECTS TO REACH POSITIVE ADJUSTED
EBITDA IN
SECOND HALF OF 2023

Source text for Eikon:  ID:nWkr8SkTGv 
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