Brief: Advent Technologies Update On Streamlining Operations

Advent Technologies Holdings

11/07/2024 19:25

July 11 (Reuters) - Advent Technologies Holdings Inc
 ADN.O :
    * ADVENT TECHNOLOGIES UPDATE ON STREAMLINING OPERATIONS
    * ADVENT TECHNOLOGIES HOLDINGS INC: ACHIEVE BREAK-EVEN BY
END OF
2025
    * ADVENT TECHNOLOGIES HOLDINGS INC: TO REDUCE OPERATIONAL &
FACILITY EXPENSES FOR 2024, WITH TARGET OF TOTAL COSTS BELOW $24
MILLION
    * ADVENT TECHNOLOGIES HOLDINGS INC:  INTENDS TO ACHIEVE A
COMBINED
INCOME OF $13MLN IN 2024
    * ADVENT TECHNOLOGIES: IN 2024, DECIDED TO ELIMINATE BOSTON
&
GERMANY FACILITIES AND SIGNIFICANTLY REDUCE ITS OPERATIONS IN
PHILIPPINES
    * ADVENT TECHNOLOGIES HOLDINGS INC:  EXPECTS GOVERNMENT
FUNDING
FOR 22 RESEARCH AND DEVELOPMENT & MANUFACTURING PROGRAMS,
AMOUNTING TO $42 MILLION IN EU AND USA
    * ADVENT TECHNOLOGIES HOLDINGS INC: GROWTH STRATEGY IS NOT
MATERIALLY AFFECTED BY COST REDUCTIONS

Source text for Eikon:  ID:nBwKP9jJa 
Further company coverage:  ADN.O 

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