Ovzon's result for 2022 negatively affected by further provisions of MSEK 34 for bad debt
Following newly unveiled information regarding the financial situation of its Italian distributor, Ovzon has chosen to make further provisions for bad debt related to the distributor. The parties have agreed on a payment plan and Ovzon has secured receivables through a pledge on the distributor’s assets. The provision is nevertheless made as a precautionary measure. As a result, the company’s previously published result in the year-end report 2022 is negatively affected by an additional MSEK 34. The result for the fourth quarter of 2022 amounts therefore to MSEK -43 (previously MSEK -8) and