Brief: Move About Group AB Says In Q1 Of 2022, Move About Group AB Grew By 83% Compared To Q1 Of 2021

Move About AB

20/05/2022 16:40

May 20 (Reuters) - Move About Group AB  MOVEA.ST :
    * SAYS IN Q1 OF 2022, MOVE ABOUT GROUP AB GREW BY 83%
COMPARED TO
Q1 OF 2021
    * MOVE ABOUT GROUP- DUE TO INDIRECT EFFECTS OF WAR IN
UKRAINE,
EXCESSIVE COST BASE, DECIDED TO IMPLEMENT ACTION PROGRAM TO
ENSURE FUTURE GROWTH
    * SAYS EXPECTS TO REACH BREAK-EVEN SIGNIFICANTLY EARLIER
THAN
COMMUNICATED IN PROSPECTUS PUBLISHED WITH IPO IN FEBRUARY 2022
    * ALL SUBSIDIARIES WILL BE AFFECTED BY ACTION PROGRAMME AND
17 OUT
OF 40 POSITIONS WITHIN GROUP WILL BE DISCONTINUED

Source text for Eikon:  ID:nBQNQV3t3 
Further company coverage:  MOVEA.ST 

 ((Reuters.Briefs@thomsonreuters.com;))