Nfo Drives AbNGM: NFO

NFO: Sales fell sharply after losing the largest customer, but margins and competitiveness improved

· Issued by 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.

Earlier from Nfo Drives Ab

All Nfo Drives Ab news releases