Brief: Electra changes business model
14/07/2016 14:51
July 14 (Reuters) - Electra Gruppen publ AB ELEC.ST :
* Changes the business model within the Retail business area and clarifies investment in
Logistics & IT
* Subsidiary Linderholms is liquidated
* New organization will be implemented on Sept. 1
* Annual savings in the organizational adaptation is estimated to be about 4 million - 5
million Swedish crowns ($470,687.91 - $588,359.89)
* Due to reorganization Q2 results will be charged with one-off costs amounting to 1.8
million crowns
Source text for Eikon: ID:nSSN6pLM
Further company coverage: ELEC.ST
($1 = 8.4982 Swedish crowns)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))