Brief: Lindab says restructuring in eastern Europe will result in one-time costs of 400 Mln SEK, which will be recognised in Q4 of 2024

Lindab International AB

11/12/2024 18:13

Dec 11 (Reuters) - Lindab International AB  LIAB.ST :
    * RESTRUCTURING OF LINDAB IN EASTERN EUROPE TO FOCUS ON
VENTILATION
    * LINDAB - A DECISION HAS BEEN MADE TO DIVEST PROFILE
BUSINESS IN
SLOVAKIA, ROMANIA AND HUNGARY DURING 2025
    * LINDAB - DECIDED RESTRUCTURING WILL RESULT IN ONE-TIME
COSTS,
WHICH WILL BE RECOGNISED IN Q4 OF 2024, AMOUNTING TO IN TOTAL
APPROXIMATELY 400 MSEK
    * LINDAB - ONE-TIME COSTS DO NOT HAVE A SIGNIFICANT EFFECT
ON CASH
FLOW
    * LINDAB - GOODWILL IMPAIRMENT AMOUNTS TO 250 MSEK
    * LINDAB - APPROXIMATELY 150 MSEK REFERS TO ASSET
WRITE-DOWNS AND
COSTS FOR DIVESTMENT AND DISCONTINUATION
    * LINDAB - BUSINESS OPERATIONS WITHIN VENTILATION SYSTEMS
WILL
CONTINUE AS BEFORE IN POLAND, CZECH REPUBLIC, HUNGARY AND BALTIC
STATES

Source text:  ID:nWkrbBVx1M 
Further company coverage:  LIAB.ST 

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