Brief: Solwers Drops Outlook, Will Not Meet Covenant Condition
BRIEF-Solwers Drops Outlook, Will Not Meet Covenant Condition June 17 (Reuters) - Solwers Oyj SOLWERS.HE:
SOLWERS WITHDRAWS ITS 2026 OUTLOOK AND WILL NOT MEET THE CURRENT COVENANT CONDITION
ESTIMATES H1 2026 PERFORMANCE WEAKER THAN EXPECTED
SAYS IMPROVEMENT IN EBITA FOR 2026 IS UNCERTAIN
ESTIMATES THAT IT WILL NOT MEET ITS CURRENT NET DEBT/EBITDA COVENANT CONDITION AT TESTING DATE JUNE 30, 2026
FOR TIME BEING, COMPANY IS NOT PROVIDING AN OUTLOOK FOR YEAR 2026
WILL TAKE INCREASED MEASURES TO IMPROVE PROFITABILITY
UNCERTAINTY IS DUE TO, IN PARTICULAR, WEAKER-THAN-EXPECTED PERFORMANCE BY COMPANIES SERVING INDUSTRIAL SECTOR IN SWEDEN
RENEGOTIATING WITH ITS MAIN BANK TO RESOLVE SITUATION RELATED TO COVENANT CONDITION
Source text: ID:nWkr3ZDPt6
Further company coverage: SOLWERS.HE
(Gdansk Newsroom)
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