In the last nine months, Nilsson has successfully launched four new car models. The number of manufacturing hours for a new car model is always higher in an initial period. Nilsson's manufacturing hours have decreased significantly for the new car models, but due to run-in problems, they take longer to calculate. The company is expected to have a weaker result due to the lower turnover.
CEO Karl Justh comments
"Inthe last nine months, we have launched four new car models;Nilsson XC90 Ambulance, Nilsson V90 Hearse , Nilsson S90 UK Traditional Hearse and Nilsson S90 Limousine. It is extremely exciting to launch new car models and we have received a very good reception on the market. We have had greater challenges than expected in the run-in phase, especially with our new processes as well as subcontractors. We can therefore state that we will not achieve our target for the year. Production times have fallen rapidly since the first produced car and we are now continuously working to reduce production times further and thereby increase our capacity. However, we expect that our delivery capacity during the run-in process will continue to be somewhat limited."
For more information, please contact:
Karl Justh, CEO
Email: karl.justh@nilsson.se
Phone: +46 (0)430-49 067
This information is information that Nilsson Special Vehicles AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person above, on 28 June 2017 at 14:00 CET.
Briefly about Nilsson Special Vehicles
Nilsson is today one of Sweden's largest players for customized vehicles. The company produces and sells limousines, ambulances and funeral cars. Customers are mainly located in Europe, where the largest markets are Scandinavia and England. The story behind Nilsson began in 1945 when Yngve Nilsson Karosserifabrik was founded. With many years of experience in the industry, the company has a strong focus on innovation in the form of new materials, technologies and increased global market focus to achieve continued satisfied customers.
Nilsson Special Vehicles AB (publ) is listed on Nasdaq Stockholm First North (ticker: NILS). Certified Adviser to Nilsson Special Vehicles is Sedermera Fondkommission.
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