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NENT declares Q4 non-cash impairment of SEK 900 mln related to Studios

Wednesday 20 January 2021 | 13:03 CET | News
Nordic Entertainment Group (NENT) said that its results for the fourth quarter of 2020 will include a non-cash impairment charge of approximately SEK 900 million related to its Studios operations, which are now in the process of being sold. The impairment reflects the impact of the coronavirus pandemic and the postponement of productions during 2020, and mainly comprises goodwill arising from the original acquisition of the companies. The final numbers will be published in NENT's financial reporting on 09 February.

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Categories: Broadcast & Satellite / Internet
Companies: Nordic Entertainment
Countries: Europe / Scandinavia
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