Brief: Starbreeze Q1 EBITDA Swings To Loss Of SEK 106.7 Million

Starbreeze AB

07/05/2019 07:28

May 7 (Reuters) - Starbreeze AB  STZEb.ST :
    * (PUBL) INTERIM REPORT Q1 2019
    * Q1 NET SALES SEK 47.8 MILLION VERSUS SEK 110.1 MILLION
YEAR AGO
    * Q1 EBITDA LOSS SEK 106.7 MILLION VERSUS PROFIT SEK 48.8
MILLION
YEAR AGO
    * STARBREEZE - DECREASE IN EARNINGS IS DUE PRIMARILY TO
LOWER NET
SALES, HIGHER ADMINISTRATIVE COSTS RELATED TO RECONSTRUCTION AND
NEGATIVE ACCOUNTING EFFECT OF SALE OF SYSTEM SHOCK 3 AMOUNTING
TO SEK 68.1 MILLION
    * WE ARE IN A CHALLENGING SITUATION - CEO

Source text for Eikon:  ID:nWkr8X8DbZ 
Further company coverage:  STZEb.ST 

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