Financial reporting

Market slowdown impacted Polygiene’s Q1 results

By 2023-04-27T15:14:00

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Polygiene, which acquired former distributor Biomaster U.S. during the period, suffered a 38 percent decline in Q1 sales to 28.0 million Swedish kronor (€2.5m) and reported an operating loss of SEK 0.2 million versus a profit of SEK 9.3 million. The group cited inventory reductions by distributors and some manufacturers ...

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