Business
ZOOM: Losses narrowed and equity ratio improved despite lower sales; recovery hinges on new batteries and rights issue
ZOOM: Losses narrowed and equity ratio improved despite lower sales; recovery hinges on new batteries and rights issue

About this update from Zoomability Int Ab
Revenue and EBIT declined year-over-year, but losses narrowed and equity ratio improved. Battery supply issues hampered deliveries, but new batteries and a rights issue are expected to support recovery. Expansion focuses on the tourist market and a new business model leveraging China.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
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