Brief: eEducation Albert Launches Profitability Programme, To Cut Jobs

eEducation Albert AB

31/01/2024 13:09

Jan 31 (Reuters) - eEducation Albert AB  ALBERT.ST :
    * WHEN FULLY IMPLEMENTED, PROFITABILITY PROGRAMME IS
EXPECTED TO
YIELD A POSITIVE EBITDA FOR FULL YEAR OF 2025
    * ONE-TIME COSTS FOR PROFITABILITY PROGRAMME ARE ESTIMATED
TO BE 3
MSEK AND WILL BE INCURRED IN Q1 OF 2024
    * ON A ROLLING TWELVE-MONTH BASIS, OPERATING COSTS ARE
EXPECTED TO
DECREASE BY 14 MSEK NET
    * MAJORITY OF SAVINGS COMING FROM STAFF REDUCTIONS OF
APPROXIMATELY 15%
    * RESTRUCTURING EXPECTED TO RESULT IN STAFF REDUCTION OF
25-30
EMPLOYEES AND CONSULTANTS, PRIMARILY AFFECTING B2C OPERATIONS IN
SWEDEN

Source text for Eikon:  ID:nMFN7KgqBP 
Further company coverage:  ALBERT.ST 

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