Brief: Freightos Announces Plan For Operational Efficiency And Cost Reduction

Freightos

11/07/2023 11:07

July 11 (Reuters) - Freightos Ltd  CRGO.O :
    * FREIGHTOS ANNOUNCES PLAN FOR OPERATIONAL EFFICIENCY AND
COST
REDUCTION
    * FREIGHTOS LTD - COST-SAVINGS INITIATIVES AND EFFICIENCIES
INCLUDE APPROXIMATELY 13% HEADCOUNT REDUCTION.
    * FREIGHTOS LTD - PROVIDES REVISED FY 2023 OUTLOOK
    * FREIGHTOS LTD - COST-SAVING MEASURES EXPECTED TO IMPROVE
ADJUSTED EBITDA BY APPROXIMATELY $1.4 MILLION PER QUARTER
BEGINNING Q4 2023
    * FREIGHTOS LTD - OPERATIONAL EFFICIENCY PLAN IS EXPECTED TO
REDUCE EXPENSES AND IMPROVE ADJUSTED EBITDA BY ABOUT $5.6
MILLION PER YEAR
    * FREIGHTOS LTD - SEES FY REVENUE $ 20.0 MILLION - $ 21.2
MILLION

Source text for Eikon:  ID:nPn1BlzV6a 
Further company coverage:  CRGO.O 

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