Brief: Savosolar Q1 Operating Loss Widens TO EUR 1.2 Mln

Summa Defence Oyj

25/04/2022 07:34

April 25 (Reuters) - Savosolar Oyj  SAVOH.HE :
    * REG-SAVOSOLAR PLC’S BUSINESS REVIEW FOR JANUARY–MARCH 2022
    * REVENUE IN JANUARY-MARCH AMOUNTED TO EUR 1.4 MILLION
(1-3/2021:
EUR 0.7 MILLION).
    * OPERATING RESULT (EBIT) IN JANUARY-MARCH AMOUNTED TO EUR
-1,2
MILLION (EUR -1.1 MILLION).
    * NET RESULT FOR JANUARY-MARCH TOTALLED EUR -1.2 MILLION
(EUR -1.2
MILLION).
    * HAS NO SALES OR PURCHASES IN RUSSIA, BELARUS OR UKRAINE,
BUT
RUSSIA'S INVASION OF UKRAINE HAS INCREASED TURBULENCE IN ENERGY
MARKET AND ADDED TO UNCERTAINTY CONCERNING AVAILABILITY AND
PRICES OF MATERIALS AND COMPONENTS CAUSED BY COVID-19 PANDEMIC.
    * DURING Q1 OF 2022, WE HAVE MADE ABOUT TWICE AS MANY BUDGET
OFFERS VOLUME-WISE, AND ABOUT FOUR TIMES AS MANY BUDGET OFFERS
MONEY-WISE, THAN IN Q1 OF LAST YEAR
    * IT SEEMS THAT MARKET WILL RETURN TO A GROWTH TRACK IN
2022,
ALTHOUGH WAR IN UKRAINE HAS INCREASED UNCERTAINTY ABOUT
DEVELOPMENT OF ENERGY MARKET

Source text for Eikon:  ID:nGNE9NDQBy 
Further company coverage:  SAVOH.HE 

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