Brief: Biocartis Group Withdraws 2023 Outlook

Biocartis NV

15/06/2023 16:21

June 15 (Reuters) - Biocartis Group NV  BCART.BR :
    * BIOCARTIS ANNOUNCES PLANNED OPERATIONAL REORGANIZATION AND
COST
REDUCTION PROGRAM
    * APPROXIMATELY EUR 18 MILLION OF ANNUALIZED COST REDUCTIONS
    * COST REDUCTIONS ACROSS ORGANIZATION TO CREATE A CLEAR PATH
TO
BREAK-EVEN EBITDA1 BY END OF 2024
    * REORGANIZATION INCLUDES INTENTION TO REDUCE EMPLOYMENT
GLOBALLY
BY APPROXIMATELY 140 POSITIONS (APPROXIMATELY 25% OF WORKFORCE)
    * DECLARATION OF INTENT OF COLLECTIVE DISMISSAL HAS BEEN
FILED
TODAY IN ACCORDANCE WITH BELGIAN RULES ON COLLECTIVE DISMISSALS
    * AS A RESULT OF UNCERTAINTY RELATED TO OPERATIONAL
REORGANIZATION, COMPANY WITHDRAWS ITS 2023 OUTLOOK AT LEAST
UNTIL PUBLICATION OF ITS FINANCIAL RESULTS FOR H1 2023 ON 31
AUGUST 2023

Source text for Eikon:  ID:nGNE6sxhVF 
Further company coverage:  BCART.BR 

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