Brief: TagMaster Q2 EBITDA swings to loss of SEK 4.9 million
15/07/2016 08:00
July 15 (Reuters) - TagMaster AB TAGMb.ST :
* Q2 net sales 20.6 million Swedish crowns versus 18.7 million crowns year ago
* Q2 EBITDA loss 4.9 million crowns versus profit 2.5 million crowns year ago
* Says continued development, restructuring and cost reductions in CitySync and cost
reductions in TagMaster charged Q2
* Estimates newly launched UHF products will have positive impact on sales and margin during
years to come
* Will launch more new products towards end of 2016
* Will make personnel reductions and cost savings
* Expects to be back on former result levels during second half of year
Source text for Eikon: ID:nWkrgo7295
Further company coverage: TAGMb.ST
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))