Business
DRIL: Sales fell sharply and EBIT turned negative, but cash flow stayed positive amid restructuring
DRIL: Sales fell sharply and EBIT turned negative, but cash flow stayed positive amid restructuring
About this update from Drillcon Ab
Q3 2024 saw a 33% drop in sales to 81 MSEK, with EBIT turning negative due to discontinued Americas operations and production issues in Iberia and Scandinavia. Despite challenges, cash flow remained positive and new contracts were secured. Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.