Polygiene Group AB anticipates lower sales in the period 1 January to 31 March 2023
Revenues for the first quarter are expected to be approximately 35% lower than the corresponding period last year. The main reason is lower order intake due to continued high inventory levels throughout the supply chain.Problem with lower demand and high inventory levels in the supply chain, as previously announced, have continued in the first quarter. The deviation is mainly explained by the fact that sales after the Chinese New Year have not developed according to expectations and have affected both Freshness and Product Protection. EBIT will thus be lower than last year, and Polygiene