Brief: Mavshack Streamlines Operations, Focuses On Product Portfolio

Mavshack AB (publ)

20/12/2022 10:41

Dec 20 (Reuters) - Mavshack AB (publ)  MAV.ST :
    * STREAMLINES OPERATIONS, FOCUSES ON ITS PRODUCT PORTFOLIO
    * DECIDED TO CONCENTRATE ITS IT-RELATED RESOURCES IN ITEVO
TO
KARLSTAD, VÄSTERÅS
    * DECISION COMES IN LIGHT OF MAJOR COMPONENT SHORTAGE IN
MARKET
    * ITEVO HAS HAD DIFFICULTIES GETTING HARDWARE TO CUSTOMERS,
WHICH
HAS AFFECTED REVENUES
    * TRANSITION HAS BEEN GRADUAL DURING THE YEAR AND WILL
CONTINUE
INTO 2023
    * CO'S TURNOVER DIRECTLY RELATED TO ITEVO WILL DECREASE IN
COMING
YEAR
    * HAS TAKEN THE OPPORTUNITY TO REDUCE STAFFING LEVELS IN
OTHER
AREAS OF BUSINESS IN ORDER TO HAVE MORE COMFORTABLE COST BASE
GOING INTO 2023
    * HOWEVER ITEVO'S PART OF BIZ WILL AT SAME TIME STRENGTHEN
ITS
PROFITABILITY SINCE IT CONSULTING BIZ HAS BEEN DRAGGED DOWN BY
HIGH COSTS

Source text for Eikon:  ID:nBQN8Cf4nk 
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