Brief: Lindab Cost Reduction To Result In 180 Layoffs, Expected Annual Savings From Jan 2025 SEK 90 Mln

Lindab International AB

28/11/2024 08:41

Nov 28 (Reuters) - Lindab International AB  LIAB.ST :
    * STRUCTURAL MEASURES AND COST REDUCTIONS IN LINDAB'S
OPERATIONS
    * ACTIONS INCLUDE A REDUCTION OF 180 FULL-TIME POSITIONS AND
STRUCTURAL MEASURES INVOLVING CLOSURE OF 10 SITES FOR
WAREHOUSING AND LOCAL PRODUCTION
    * IS IMPLEMENTING STRUCTURAL MEASURES AND COST REDUCTIONS,
PRIMARILY WITHIN VENTILATION BUSINESS
    * STRUCTURAL MEASURES AND COST REDUCTIONS THAT ARE NOW BEING
IMPLEMENTED WILL REDUCE FIXED COSTS AND ARE EXPECTED TO HAVE A
POSITIVE EFFECT ON MARGINS IN 2025.
    * FROM JANUARY 2025, AN ANNUAL SAVINGS EFFECT OF 90 MSEK
WILL BE
ACHIEVED, WITH FULL EFFECT TO BE REALISED BY JULY 2025
    * MEASURES ENTAIL ONE-TIME COSTS OF 70 MSEK, ALL OF WHICH
WILL BE
RECOGNISED IN Q4 OF 2024
    * IMPLEMENTING STRUCTURAL MEASURES INVOLVING CLOSURE OF 10
SITES
FOR WAREHOUSING, STORES AND LOCAL PRODUCTION

Source text:  ID:nWkr4vc5R4 
Further company coverage:  LIAB.ST 

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