Brief: Veg Of Lund Updates Strategy And Revises Objectives

Dug Foodtech AB (publ)

10/05/2022 07:09

May 10 (Reuters) - Veg of Lund AB (publ)  VOLAB.ST :
    * VEG OF LUND UPDATES STRATEGY AND REVISES OBJECTIVES WITH
FOCUS
ON GROWTH
    * DECIDED ON AN UPDATED STRATEGY AND REVISED TARGETS IN
ORDER TO
INCREASE SALES
    * GOAL IS TO REACH A TURNOVER OF MSEK 420 WITH A POSITIVE
OPERATING RESULT BY YEAR 2025
    * STRATEGY IS TO ACCELERATE SALES BY APPOINTING LICENSEES IN
MORE
COUNTRIES
    * VALUE CREATION IN THE SHORT TERM: VEG OF LUND HAS CHOSEN
TO
FOCUS ON KEY MARKETS OF SWEDEN AND UK
    * VALUE CREATION IN THE SHORT TERM: IN OTHER MARKETS,
COMPANY WILL
CONSIDER LICENSING PRODUCTION AND SALES
    * LONG-TERM VALUE CREATION: INTENDS TO CONTINUE TO INVEST IN
RESEARCH AND DEVELOPMENT OF PATENTS AND PRODUCTS BASED ON
POTATOES

Source text for Eikon:  ID:nWkr5Clvsj 
Further company coverage:  VOLAB.ST 

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