Brief: Konsolidator Reduces Cost Base To Improve Profitability, Key SaaS Metrics

Konsolidator A/S

30/03/2022 11:30

March 30 (Reuters) - Konsolidator A/S  KONSOL.CO :
    * REG-KONSOLIDATOR REDUCES COST BASE - IMPROVING EBIT
GUIDANCE
FROM 2022-2024 - INSIDE INFORMATION
    * REDUCES STAFF FROM 38 TO 31, CORRESPONDING TO 18%.
    * COST REDUCTION WILL IMPROVE EBIT GUIDANCE FOR 2022 BY DKK
2 - 4
MILLION FROM DKK (23) - (18) MILLION TO DKK (20) - (15) MILLION
    * FULL EFFECT OF ADJUSTMENT WILL BE REACHED IN 2023 AND 2024
WHERE
A COST REDUCTION OF DKK 5 - 7 MILLION IS EXPECTED
    * IN 2023 EBIT GUIDANCE WILL IMPROVE BY DKK 5 - 7 MILLION TO
DKK
(11) - (5) MILLION REACHING BREAK-EVEN IN 2024.
    * COST REDUCTION WILL NOT AFFECT GROWTH RATES ON ARR AND
REVENUE
IN 2022-2024 WHICH WILL REMAIN AT 40 - 60% GROWTH

Source text for Eikon:  ID:nGNE5wMt5q 
Further company coverage:  KONSOL.CO 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))