Financial reporting

Polygiene sales fall as distributors cut order levels

By Frank Prenesti 2022-10-27T14:43:00

Polygiene

The Swedish Polygiene Group reported lower third-quarter sales and profits as distributors tightened order and inventory levels. The company said net sales fell 21.7 percent to 41 million Swedish kronor (€3.75m) in the three months to Sept. 30, mainly attributed to reduced sales at the distributor level. Operating profit fell ...

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