Reasons for Bogo's continuous losses

Goodwill impairment. By the end of 2022,165438+1October 27th, Bogo's sustained losses were due to the impairment of goodwill of 67.85 million euros accrued by its wholly-owned subsidiary Bogo, Germany, which led to Bogo's sustained losses. Headquartered in Damme, Germany, Bogo Group is a partner and component supplier in the global automobile industry with a long history.