Non-Cash Goodwill Impairment In The Holding Company Structure

Actic AB

16/10/2019 06:35

Oct 16 (Reuters) - Actic Group AB  ATIC.ST :
    * NON-CASH GOODWILL IMPAIRMENT IN THE HOLDING COMPANY
STRUCTURE
    * TOTAL IMPAIRMENT LOSS OF APPROXIMATELY SEK 280 MILLION
GENERATED
A NON-RECURRING EFFECT IN Q3 THAT IMPACTED EARNINGS AND TOTAL
ASSETS, BUT NOT CASH FLOW
    * TO RECOGNISE AN IMPAIRMENT LOSS FOR COMPANY'S GOODWILL AND
INTANGIBLE FIXED ASSETS
    * AMOUNT CORRESPONDS TO MOST OF GOODWILL ON BALANCE SHEET IN
HOLDING COMPANY STRUCTURE
    * IMPAIRMENT LOSS HAS NO IMPACT ON COMPANY'S ONGOING
OPERATIONS

Source text for Eikon:  ID:nWkr8LB39b 
Further company coverage:  ATIC.ST 

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