Brief: Desenio Implements Annual Cost Reductions Of SEK 32 Million

Desenio AB (publ)

14/06/2022 06:45

June 14 (Reuters) - Desenio Group AB (publ)  DSNO.ST :
    * DESENIO GROUP IMPLEMENTS COST REDUCTIONS OF SEK 32 MILLION
ON AN
ANNUAL BASIS TO STRENGTHEN THE FINANCIAL POSITION AND PUBLISHES
PRELIMINARY OUTCOME FOR APRIL AND MAY 2022
    * COST SAVINGS WILL HAVE FULL EFFECT FROM Q4 OF 2022.
    * NET SALES DURING PERIOD 1 APRIL - 31 MAY 2022 AMOUNTED TO
SEK
132 (205) MILLION
    * OPERATING RESULT FOR PERIOD 1 APRIL - 31 MAY 2022 AMOUNTED
TO
SEK -13 (21) MILLION
    * 45 EMPLOYEES WILL BE NOTIFIED OF TERMINATION OF THEIR
EMPLOYMENT
AND MANAGEMENT SALARIES WILL BE REDUCED BY 20%.
    * OPERATING MARGIN FOR PERIOD 1 APRIL - 31 MAY 2022 OF -9.8
(10.3)
%
    * COST CUTS TO ADAPT OPERATIONS TO CHALLENGING MARKET WITH
DECLINING ONLINE CONSUMPTION, INCLUDING DAMPENING EFFECT ON
DISCRETIONARY SPENDING
    * IT IS CURRENTLY DIFFICULT TO PREDICT DEVELOPMENT DURING
SECOND
HALF OF 2022

Source text for Eikon:  ID:nMFNb7CylX 
Further company coverage:  DSNO.ST 

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