Brief: Teqnion To Make Significant Impairment Related To Reward Catering
08/10/2025 15:21
Oct 8 (Reuters) - Teqnion AB TEQ.ST: BOARD OF REWARD CATERING PETITIONED HIGH COURT OF IRELAND FOR APPOINTMENT OF PROVISIONAL LIQUIDATORS OF REWARD CATERING TO CONTINUE TO NOT COMMENT ON ONGOING PROCEEDINGS EXPECTS TO MAKE A SIGNIFICANT IMPAIRMENT OF GOODWILL THAT WILL IMPACT Q3 RESULTS AS OF Q2 2025, CARRYING AMOUNT OF GOODWILL FOR REWARD CATERING WAS SEK 109 MILLION IMPAIRMENT WILL HAVE NEGATIVE IMPACT ON TEQNION'S EARNINGS BUT WILL NOT AFFECT CASHFLOW WHILE EXACT IMPAIRMENT AMOUNT IS YET TO BE DETERMINED, IT IS EXPECTED TO BE MATERIAL Source text: ID:nBQN2bltJ7 Further company coverage: TEQ.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))