Christian Berner Tech Trade profit warning for the fourth quarter 2021
Christian Berner Tech Trade (publ) result will be lower than expected for the fourth quarter 2021. Ebita is calculated to bel -4,5 MSEK in comparison to 9,5 MSEK same quarter 2020.
There are mainly two reasons why the operating income will be lower. Firstly, there is a provision for severance pay to the departing CEO of 7,5 MSEK. This is a one off posting and there is no cash out in the fourth qurter. The payments will come later on. The change of CEO has been communicated earlier and is a board decision in order to take the company to a new level.
The second reason is a negative product mix with lower gross margin. A delivery of a larger project to China worsen the gross margin.
In addtion has the revenue been impacted negatively by delays in supply chain due to Covid 19. There are no lost deals but delays in invoicing.
A complete report for the fourth quarter will be published february 25th 2022.