Oboya's subsidiary in Denmark files for bankruptcy and takes write-downs of SEK 54 million
Oboya Horticulture Industries AB ("Oboya" or the Company) takes write-downs and provisions and files the Danish subsidiary for bankruptcy. Concluded write-downs and provisions amounted to SEK 54 million, of which SEK 0 million has a liquidity effect. Over the past year, the Danish subsidiary has shown unsatisfactory results, accentuated by the outbreak and spread of COVID-19 (coronavirus) the last few weeks. The sharp decline in the flower industry has had a strong negative impact on Oboya's Danish operations, with the Board having to file for that part of the business to go bankrupt as of