Business
NFO: Sales fell sharply after losing the largest customer, but margins and competitiveness improved
NFO: Sales fell sharply after losing the largest customer, but margins and competitiveness improved
About this update from Nfo Drives Ab
Net sales and profit margins declined year-over-year due to the loss of the largest customer, but gross margin improved and EBIT loss narrowed thanks to cost control and new product launches. The company completed its product range and now produces key units in-house, strengthening competitiveness.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.