Brief: Wästbygg Gruppen Predicts Negative Impact On Q2 Result

Wastbygg Gruppen AB (publ)

09/08/2023 11:09

Aug 9 (Reuters) - Wastbygg Gruppen AB (publ)  WBGRb.ST :
    * WÄSTBYGG GRUPPEN AB (PUBL) PREDICTS NEGATIVE IMPACT ON THE
FINANCIAL RESULT DUE TO RESTRUCTURING COSTS AND WRITE-DOWNS
    * EFFECTS OF AFOREMENTIONED SUMS UP TO MSEK -299
    * GROUP'S OPERATING PROFIT FOR QUARTER IS THUS EXPECTED TO
AMOUNT
TO MSEK -262
    * MAIN PART OF EFFECTS DOES NOT AFFECT GROUP'S FUTURE CASH
FLOW
    * COMPANY WILL NO LONGER MEET FINANCIAL KEY FIGURE INTEREST
COVERAGE RATIO VIS-À-VIS A FEW LENDERS OF SHORT-TERM LOANS
MATURING BEFORE TURN OF YEAR 2023
    * FINANCIAL RESULT FOR Q2 OF 2023 IS NEGATIVELY AFFECTED BY
PREVIOUSLY COMMUNICATED RESTRUCTURING COSTS AND WRITE-DOWNS IN
ONGOING PROJECTS AND GROUP'S ASSETS
    * MOREOVER, RESULT IS AFFECTED BY FURTHER RESERVATIONS
RELATED TO
A LOGISTICS PROJECT IN DANISH MARKET
    * CURRENT MARKET SITUATION HAS ALSO LED TO A FEW
BANKRUPTCIES IN
OUR SUPPLY CHAIN - SOMETHING THAT ALSO NEGATIVELY AFFECTED
RESULT FOR QUARTER

Source text for Eikon:  ID:nMFN8H48fS 
Further company coverage:  WBGRb.ST 

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