Brief: Brunel International Aims To Achieve At Least EUR 20 Mln In Cost Savings

Brunel International NV

02/08/2024 06:35

Aug 2 (Reuters) - Brunel International NV  BRUN.AS :
    * Q2 & H1 2024 RESULTS
    * WE ARE AIMING TO ACHIEVE AT LEAST EUR 20 MILLION IN COST
SAVINGS
TO IMPROVE OUR PROFITABILITY AND CONVERSION
    * HAVE STARTED INITIATIVES TO FURTHER IMPROVE TOWARDS OUR
2027
TARGETS
    * OUTLOOK: PROJECT WILL BE LARGELY EXECUTED IN Q3, AND THE
RELATED
COST SAVINGS IN THIS YEAR WILL EXCEED THE RELATED ONE-OFF COST
IN 2024 (APPROXIMATELY EUR 4 MILLION)
    * EXPERIENCED SOME DELAYS IN KEY PROJECTS WITHIN
CONVENTIONAL
ENERGY SECTOR IN ASIA, WHICH HAVE NOW BEEN POSTPONED TO EARLY Q1
2025
    * H1 NET PROFIT CAME IN AT EUR 14.9 MILLION (H1 2023: EUR
15.9
MILLION)
    * IN GERMANY MARKET CONDITIONS REMAIN DIFFICULT
    * ON CEO SUCCESSION, WILL PROVIDE AN UPDATE ON HIS
SUCCESSION IN
DUE COURSE

Source text for Workspace:  ID:nGNE52mJbz 
Further company coverage:  BRUN.AS 

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