Brief: Enertime announces cost-cutting measures

Enertime SAS

09/10/2017 18:34

Oct 9 (Reuters) - ENERTIME SAS  ALENE.PA : 
    * REVENUE AT END OF JUNE OF AROUND EUR 2.3 MILLION VERSUS 
EUR 1.6 MILLION YEAR AGO 
    * NET LOSS AT END OF JUNE ESTIMATED AT EUR EUR 1.5 MILLION 
STABLE VERSUS YEAR AGO 
    * TO CLOSE SALES OFFICE IN LYON 
    * TO REDUCE AREA USED AT  COURBEVOIE SITE 
    * PLANS ADJUSTMENT OF STAFF NUMBERS 
    * RECURRING ANNUAL SAVINGS WILL BE AROUND EUR 1 MILLION FROM 
START OF 2018 
    * LOOKING FOR EXTRA FINANCING OF AROUND EUR 1.5 MILLION, 
WHICH WOULD SECURE FINANCIAL REQUIREMENTS UNTIL END OF 2018 
 
Source text: http://bit.ly/2xrPJXb 
Further company coverage:  ALENE.PA  
 
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