Project portfolio review results in write-down in Sweco Germany
Sweco announces a write-down of trade working capital of SEK 290 million after concluding the review of the German project portfolio.Sweco announced on November 4, in the Interim Report for the third quarter 2020, that a comprehensive review of the German project portfolio had been initiated and that the review could lead to a more prudent valuation of recognised revenue. The report communicated a potential amount of SEK 120 million. No provision was made in the third quarter. The review has now been concluded and Sweco announces write-down of working capital to a total amount of SEK 290
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