Brief: AAK Accelerates Optimization In Line With Strategic Direction

AAK AB (publ)

25/06/2020 12:37

June 25 (Reuters) - AAK AB (publ)  AAK.ST :
    * AAK ACCELERATES OPTIMIZATION IN LINE WITH STRATEGIC
DIRECTION
    * AAK HAS INITIATED STRUCTURAL MEASURES INCLUDING COST ITEMS
AFFECTING COMPARABILITY OF ABOUT SEK 200 MILLION, WHICH WILL BE
REPORTED IN OPERATING PROFIT IN Q2 OF 2020
    * APPROXIMATELY 35-40 PERCENT IS EXPECTED TO IMPACT CASH
FLOW
    * THESE MEASURES WILL GENERATE ANNUAL SAVINGS OF ABOUT SEK
150
MILLION AND ARE EXPECTED TO REACH FULL RUN-RATE BY SECOND HALF
OF 2021.
    * IN ADDITION, AAK WILL REPORT AN INCOME IN RANGE OF SEK
200-225
MILLION AS AN ITEM AFFECTING COMPARABILITY, LINKED TO AN
OPTIMIZATION OF COMPANY'S CAPITAL STRUCTURE

Source text for Eikon:  ID:nWkr2K3qx2 
Further company coverage:  AAK.ST 

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