Brief: Stenocare: One-Off Return Of Products From Norway

StenoCare A/S

06/11/2023 14:04

Nov 6 (Reuters) - Stenocare A/S  STENO.CO :
    * STENOCARE: ONE-OFF RETURN OF PRODUCTS FROM NORWAY
    * DUE TO SITUATION IN NORWAY, PRODUCTS WORTH DKK 2,1M HAVE
NOW
BEEN RETURNED TO STENOCARE
    * FINANCIAL ADJUSTMENT: THIS LEADS TO A PRO-FORMA ADJUSTMENT
OF
REVENUE OF Q4-2022 FROM DKK 2.8M TO JUST DKK 0,7M.
    * THIS ADJUSTMENT WILL HAVE TO BE ACCOUNTED FOR IN Q3-2023,
DESPITE FACT THAT IT IS UNRELATED TO ACTUAL SALES IN 2023
    * ONE-OFF RETURN OF PRODUCTS IN NORWAY WAS NOT EXPECTED, BUT
WE
HAVE IMPLEMENTED APPROPRIATE STEPS TO AVOID SIMILAR LARGE
RETURNS IN FUTURE

Source text for Eikon:  ID:nWkr4bvJTL 
Further company coverage:  STENO.CO 

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