Brief: Actic Mulls Sale Or Shutdown Of Non-Profitable Facilities

Actic AB

03/06/2019 09:06

June 3 (Reuters) - Actic Group AB  ATIC.ST :
    * FIRST PHASE FOR INCREASED PROFITABILITY IMPLEMENTED-
ACTION PLAN
FOR FACILITIES THAT DO NOT PERFORM
    * INCREASED SUPPORT COSTS OF SEK 5 MILLION PER QUARTER WILL
IMPACT
CURRENT QUARTER
    * SUPPORT COSTS ARE EXPECTED TO BE PHASED OUT DURING Q3
    * IDENTIFIED ABOUT 10 FACILITIES NOT PROFITABLE AND ANOTHER
SOME
25 FACILITIES THAT DO NOT MEET INTERNAL PROFITABILITY TARGET
    * UNLESS PLANTS THAT ARE NOT PROFITABLE REACH THEIR TARGETS
WITHIN
NINE MONTHS, THEY WILL BE DIVESTED OR CLOSED
    * EFFECT OF THIS WORK WILL RESULT IN AN EARNINGS IMPROVEMENT
IN
RANGE OF SEK 12-15 MILLION ANNUALLY.
    * FURTHER STRATEGIC MEASURES FOR INCREASED PROFITABILITY
THROUGH
CONCEPTUALISATION WILL BE COMMUNICATED DURING H2

Source text for Eikon:  ID:nWkrFsR1z 
Further company coverage:  ATIC.ST 

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