Business
FERRO: Sales dropped sharply, but cost cuts and a rights issue improved profitability and liquidity
FERRO: Sales dropped sharply, but cost cuts and a rights issue improved profitability and liquidity
About this update from Ferroamp Ab
Net sales fell 61% year-over-year due to a weak solar market and high distributor inventories, but cost reductions and a one-time debt write-down led to positive EBITDA and net income. A rights issue raised 57 MSEK, strengthening liquidity, while new product launches and a major order from Aira support future growth.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.