Brief: Catena Media Says Expects Approximately 90% Of Cost Reductions To Be Realised By Year-End

Catena Media

08/08/2023 18:12

Aug 8 (Reuters) - Catena Media PLC  CATME.ST :
    * CATENA MEDIA LAUNCHES COST REDUCTION PROGRAMME IN WAKE OF
RECENT
DIVESTMENTS
    * CATENA MEDIA -INITIATED A COST REDUCTION PROGRAMME OF EUR
3.8-4.2 MILLION TO OPTIMISE GROUP OPERATIONS FOLLOWING SALE OF
GROUP'S UK AND AUSTRALIAN BRANDS
    * CATENA MEDIA PLC - IT IS EXPECTED THAT THESE WILL BE
PRIMARILY
ACHIEVED BY STREAMLINING SUPPORT FUNCTIONS AT CATENA MEDIA'S
EUROPEAN OPERATIONS
    * CATENA MEDIA PLC - APPROXIMATELY 90 % OF COST REDUCTIONS
ARE
EXPECTED TO BE REALISED BY YEAR-END, WITH FULL IMPACT TO BE
ACHIEVED DURING H1 OF 2024

Source text for Eikon:  ID:nWkr6pmHq6 
Further company coverage:  CATME.ST 

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