Zoomability Int AbNGM: ZOOM

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

· Issued by 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.

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