Brief: Midsummer Launches Programme To Reduce Costs, Improve Cash Flow

Midsummer AB

02/10/2023 07:53

Oct 2 (Reuters) - Midsummer AB  MIDSU.ST :
    * MIDSUMMER LAUNCHES PROGRAMME TO REDUCE COSTS AND IMPROVE
CASH
FLOW
    * HAS DECIDED TO IMPLEMENT EFFICIENCY IMPROVEMENT PROGRAMME
WHICH
IS ESTIMATED TO PROVIDE SAVINGS OF MORE THAN SEK 40 MILLION ON
ANNUAL BASIS AND ALSO SHORT-TERM IMPROVEMENTS REGARDING CAPITAL
EMPLOYED
    * RESTRUCTURING COSTS ARE ESTIMATED TO AMOUNT TO
APPROXIMATELY SEK
3 MILLION WHICH WILL BE CHARGED TO RESULT FOR FOURTH QUARTER OF
2023
    * IMPACT OF PROGRAMME WILL BE VISIBLE IN BEGINNING OF 2024

Source text for Eikon:  ID:nMFN13KScB 
Further company coverage:  MIDSU.ST 

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