The company also reported sales fell 12% to SEK 57.7 million (EUR 5.5 million) in its fiscal second quarter ended in October; profit after tax amounted to a loss of SEK 1.2 million (EUR 114,530).
The company, in its announcement on 19 December 2019, said it planned to submit a formal application for delisting in the first week of this year. It plans to issue a press release on its last day of trading.
Managing Director Ronny Siggelin said in a statement that the company did not reach the results it was hoping for during the year. Siggelin cited the slowing business cycle as well as ongoing work to improve the efficiency of the organization.
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