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ALLEI Alleima AB News Story

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Brief: Alleima Q3 EBIT Falls To SEK 197 Mln

Oct 22 (Reuters) - Alleima AB ALLEI.ST:

Q3 ADJUSTED FREE CASH FLOW SEK 285 MILLION

INITIATING A NUMBER OF TARGETED MEASURES TO FURTHER STRENGTHEN OUR OPERATIONAL EFFICIENCY AND LONG-TERM COMPETITIVENESS

Q3 OPERATING PROFIT (EBIT) AMOUNTED TO SEK 197 MILLION (314)

Q3 REVENUES DECREASED BY 6% TO SEK 4,222 MILLION (4,498)

WE ESTIMATE THAT MEASURES WILL GENERATE COST SAVINGS OF JUST OVER SEK 200 MILLION PER YEAR

WE ASSESS THAT NON-RECURRING COSTS RELATED TO RESTRUCTURING ACTIVITIES WILL AMOUNT TO NEARLY SEK 400 MILLION

GENERALLY CAUTIOUS ATTITUDE AMONG CUSTOMERS, ESPECIALLY IN EUROPE, HAS PERSISTED, REINFORCED BY TRADE POLICY TURBULENCE

Source text: ID:nWkr6QkZhv

Further company coverage: ALLEI.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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