Brief: Azelio Q2 Operating Loss Widens To SEK 136.6 Mln

Azelio AB

18/08/2022 07:19

Aug 18 (Reuters) - Azelio AB  AZELIO.ST :
    * Q2 NET SALES AMOUNTED TO KSEK 226 (629)
    * Q2 OPERATING LOSS AMOUNTED TO KSEK -136,586 (-99,938)
AFTER
DEPRECIATION AND AMORTISATION OF KSEK -42,578 (-33,419)
    * Q2 LOSS FOR PERIOD AMOUNTED TO KSEK -137,499(-100,289)
    * TIGHTENED FOCUS OF ORGANIZATION, IN COMBINATION WITH
STRONGER
COST CONTROL, IS INTENDED TO LOWER COSTS
    * LOWER COSTS CAN BE EXPECTED TO BECOME VISIBLE WHEN STAFF
REDUCTIONS, START TO IMPACT RESULTS IN THIRD AND ESPECIALLY IN
Q4
    * OVERALL COSTS ARE EXPECTED TO BE REDUCED BY SEK 150
MILLION
ANNUALLY FROM 2023

Source text for Eikon:  ID:nWkr2jbtby 
Further company coverage:  AZELIO.ST 

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