Brief: EG7's Cost Savings Expected To Generate Annual Saving Of About SEK 68 Mln

Enad Global 7 AB (publ)

26/07/2024 14:04

July 26 (Reuters) - Enad Global 7 AB (publ)  EG7.ST :
    * EG7 UNDERTAKES FURTHER BUSINESS OPTIMIZATION TO IMPROVE
PERFORMANCE AND PROVIDES PRELIMINARY FINANCIAL FIGURES FOR Q2
    * COST SAVINGS PLAN IS EXPECTED TO GENERATE ANNUAL SAVING OF
APPROXIMATELY SEK 68 MILLION
    * TOTAL EXPECTED ANNUAL SAVINGS AMOUNT TO SEK 103 MILLION
    * REITERATES FULL-YEAR GUIDED NET REVENUE OF SEK 1.8 BILLION
WITH
ADJUSTED EBITDA MARGIN ESTIMATED AT LOWER END OF 22-25%
    * FOR Q2, GROUP GENERATED NET REVENUE OF SEK 352.7 MILLION
AND
ADJUSTED EBITDA OF SEK 33.4 MILLION

Source text for Eikon:  ID:nMFN64dMDg 
Further company coverage:  EG7.ST 

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