Ferroamp AbOMXSTO: FERRO

FERRO: Q3 revenue dropped 43% and major write-downs led to a net loss of -173 MSEK

· Issued by Ferroamp AB

Revenue fell 43% year-over-year in Q3 2024 amid weak solar and EV charging markets, with major asset write-downs and expanded cost-saving programs. A 100 MSEK share issue secured liquidity, and management targets positive cash flow in 2025.

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