Brief: Bactiguard Initiates Review Of Its Financial Targets

Bactiguard Holding AB

05/10/2023 07:06

Oct 5 (Reuters) - Bactiguard Holding AB  BACTIb.ST :
    * BACTIGUARD EMBARKS ON SHARPENED STRATEGY WITH FULL FOCUS
ON
LICENSING AND HAS INITIATED REVIEW OF ITS FINANCIAL TARGETS
    * BIP PORTFOLIO WILL BE PHASED OUT THROUGH OUTSOURCING OR
PARTNERSHIPS
    * INITIATED A REVIEW OF ITS FINANCIAL TARGETS
    * OUTCOME OF REVIEW WILL BE ANNOUNCED ON OCTOBER 27, 2023
    * FINANCIAL IMPACT OF NEW LICENSE FOCUSED STRATEGY WILL,
OVER
TIME, NEGATIVELY AFFECT BIP REVENUES BY 25 MSEK
    * YEARLY SAVINGS FOR BACTIGUARD ARE ANTICIPATED TO BE MORE
THAN 25
MSEK

Source text for Eikon:  ID:nWkr1j3vhP 
Further company coverage:  BACTIb.ST 

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