Brief: Volati To Report Non-Recurring Costs Of About SEK -330 Mln For Q3

Volati AB

10/10/2019 12:24

Oct 10 (Reuters) - Volati AB  VOLO.ST :
    * VOLATI REPORTS NON-RECURRING NON-CASH COSTS FOR Q3
    * WILL REPORT NON-RECURRING COSTS OF APPROXIMATELY SEK -330
MILLION FOR Q3 2019 ATTRIBUTABLE TO IMPAIRMENT OF GOODWILL AND
INTANGIBLE ASSETS, WHICH WILL AFFECT EBIT NEGATIVELY
    * NON-RECURRING COSTS ARE NON-CASH ITEMS AND ARE RELATED TO
CONSUMER BUSINESS AREA
    * Q3 EBITA IS EXPECTED TO INCREASE TO APPROXIMATELY SEK 145
MILLION (123)
    * FOR Q3, VOLATI IS EXPECTED TO INCREASE ITS NET SALES TO
APPROXIMATELY SEK 1,700 MILLION (1,470)

Source text for Eikon:  ID:nWkrbQQn62 
Further company coverage:  VOLO.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))