Brief: ITAB Shop Concept Updates On Financial Expectations

Itab AB

10/07/2020 12:12

July 10 (Reuters) - ITAB Shop Concept AB  ITABb.ST :
    * EXPECTS EBITDA 2020 TO BE IN RANGE OF 380 TO 420 MSEK
BEFORE
NON-RECURRING COSTS
    * TOTAL RESTRUCTURING COSTS FOR ONE ITAB TRANSFORMATION PLAN
TO BE
IN RANGE OF 275 TO 325 MSEK DURING 2020 - 2022
    * EXACT TIMING FOR WHEN RESTRUCTURING COSTS WILL BE INCURRED
IS
NOT CERTAIN AT THIS STAGE GIVEN UNCERTAINTIES RELATED TO CURRENT
MARKET CONDITIONS
    * AMBITION IS THAT ONE ITAB TRANSFORMATION PLAN TO BE FULLY
IMPLEMENTED BY MID 2022 WITH INCREMENTAL ANNUALIZED IMPROVEMENT
IN EBITDA POST IMPLEMENTATION OF ABOUT 270 TO 330 MSEK, AND WITH
ASSOCIATED CAPITAL RELEASE OF 400 TO 500 MSEK IN SAME PERIOD

Source text for Eikon:  ID:nWkr9wF0P 
Further company coverage:  ITABb.ST 

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