Brief: Link Mobility: Update On Growth, Cost Reduction Initiatives
06/10/2022 07:15
Oct 6 (Reuters) - Link Mobility Group Holding ASA
LINK.OL :
* UPDATE ON GROWTH AND COST REDUCTION INITIATIVES
* OPEX WILL BE REDUCED COMPARED TO CURRENT COST BASE BY NOK
9
MILLION THIS YEAR AND BY A FURTHER NOK 48 MILLION NEXT YEAR
* CAPEX SPEND WILL BE REDUCED BY NOK 4 MILLION THROUGH 2022
AND BY
AN ADDITIONAL NOK 31 MILLION IN 2023, COMPARED TO A PREVIOUS
FORECASTED CAPEX LEVEL OF NOK 180 MILLION
* REITERATES ITS 2022 FORWARD-LOOKING STATEMENT FOR AN
ORGANIC
REVENUE GROWTH RANGE OF 8-12%, WITH ORGANIC GROSS PROFIT GROWTH
ITS MAIN PRIORITY
Source text for Eikon: ID:nObiVFs2za
Further company coverage: LINK.OL
(Gdansk Newsroom)
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