Business
FERRO: Q3 revenue dropped 43% and major write-downs led to a net loss of -173 MSEK
FERRO: Q3 revenue dropped 43% and major write-downs led to a net loss of -173 MSEK
About this update from 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.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.