Brief: Stockmann-Owned Lindex To Initiate Cost Saving Programme

Lindex Oyj

25/08/2020 06:08

Aug 25 (Reuters) - Stockmann Oyj Abp  STCBV.HE :
    * STOCKMANN-OWNED LINDEX TO INITIATE A COST SAVING PROGRAMME
-
TARGETS TO REDUCE COSTS BY APPROXIMATELY EUR 14.5 MILLION
    * LINDEX HAS ADAPTED ITS OPERATIONS WITH RAPID AND EFFECTIVE
MEASURES.
    * ALTHOUGH SALES DEVELOPMENT TURNED TO GROWTH TOWARDS END OF
Q2,
FULL-YEAR RESULT WILL NOT REACH TARGETS SET FOR IT
    * WILL INITIATE A COST SAVING PROGRAMME AIMED AT REDUCING
COSTS
GLOBALLY BY APPROXIMATELY EUR 14.5 MILLION,
    * PROGRAMME  WILL MAINLY BE REALIZED FROM 2021 ONWARDS.
    * SAVINGS WILL BE ACHIEVED BY OPTIMIZING STORE NETWORK
STREAMLINING OPERATIONS AND PERSONNEL RESOURCES

Source text for Eikon:  ID:nWkrQbFVr 
Further company coverage:  STCBV.HE 

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