Brief: Alimak Group Mulls Consolidating Assembly Activity In Germany To Facility In Spain

Alimak AB (publ)

06/12/2023 07:37

Dec 6 (Reuters) - Alimak Group AB (publ)  ALIG.ST :
    * TAKES ACTION TO SIGNIFICANTLY IMPROVE PROFITABILITY IN THE FACADE ACCESS DIVISION
    * CONSIDERS CONSOLIDATING ASSEMBLY ACTIVITY IN MAMMENDORF, GERMANY, TO MANUFACTURING
FACILITY IN
MADRID, SPAIN
    * EXPECTED ANNUAL COST SAVINGS GENERATED BY CONSOLIDATION TO BE SEK 60 MILLION FROM 2025 AND
ONWARDS
    * ESTIMATED NON-RECURRING PROJECT ADJUSTMENT WILL HAVE NEGATIVE REVENUE, EBITA EFFECT OF SEK
45
MILLION IN Q4
    * TOTAL ONE-OFF COSTS IMPLIED BY SUCH A PROJECT ARE ESTIMATED TO BE SEK 95 MILLION
    * PROJECT IS STILL ESTIMATED TO CONTINUE FOR AT LEAST ANOTHER 2-3 YEARS, AND TO BE
PROFITABLE

Source text for Eikon:  ID:nMFNbhSqDG 
Further company coverage:  ALIG.ST 

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