In August 2015, Bactiguard received a one off order from C.R. Bard (Bard), intended to increase their safety stock, which generated additional sales of approximately 28 MSEK in the third quarter. Bard has subsequently revised their need of safety stock. This adjustment will have a negative impact on Bactiguard’s revenues of approximately 8 MSEK.
The additional order was intended to increase Bard’s safety stock. Following an internal analysis, Bard has now concluded that the safety stock order placed in August was incorrect and that an order worth approximately 20 MSEK would have been sufficient.
Part of the additional order, corresponding to a value of approximately 8 MSEK, will therefore be used in Bard’s regular production. This will have a corresponding negative impact on Bactiguard’s revenues, primarily in the fourth quarter and early next year.
This is information that Bactiguard Holding AB (publ) is required to publish in compliance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 23 December 2015, at 08.00
For further information, please contact:
Ulrika Berglund, Head of External Affairs, mobile: 46 708 800 407