Nfo Drives AbNGM: NFO

NFO: Sales dropped sharply after losing the top customer, but other segments showed strong growth

· Issued by Nfo Drives AB

Net sales fell 40% year-over-year due to the loss of the largest customer, but sales to other customers grew 37% in the first nine months. EBIT and net income were negative, impacted by one-time costs and lower sales, while cash reserves remain sufficient for ongoing operations.

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