Brief: Efore targets up to EUR 7 million of annual savings

Enedo Oyj

19/10/2016 06:30

Oct 19 (Reuters) - Efore Plc  EFO1V.HE : 
    * Intends to initiate cost savings program immediately 
    * Is targeting up to 7 million euros ($7.7 million) annual 
savings in fixed costs. 
    * Implementation period for program is estimated to continue 
at end of 2016 
    * Substantial one-time costs related to actions from planned 
cost savings program and outsourcing of production are estimated 
to be about 5 million-6 million euros  
 
Source text for Eikon:  ID:nHSU6wCD  
     
Further company coverage:  EFO1V.HE  
 
($1 = 0.9107 euros) 
 
 (Gdynia Newsroom) 
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