Brief: Naga Group Restructures Naga Group Of Companies

NAGA AG

18/04/2019 10:24

April 18 (Reuters) - Naga Group AG  N4G.DE :
    * DGAP-ADHOC: THE NAGA GROUP AG RESTRUCTURES NAGA GROUP OF
COMPANIES, MR. YASIN QURESHI SWITCHES TO THE CHAIR OF THE NEW
ADVISORY BOARD
    * BASED ON AN ORDERLY BALANCE SHEET AND FINANCIAL BASIS
COMPANY'S
OUTLOOK FOR FUTURE IS OPTIMISTIC
    * COST SAVINGS OF APPROXIMATELY 60% TO 70% COMPARED TO
FISCAL YEAR
2018
    * RESTRUCTURING ACTIONS WILL SHOW THEIR FULL IMPACT ONLY IN
FISCAL
YEAR 2020
    * RESTRUCTURING ACTIONS WILL SHOW THEIR FULL IMPACT ONLY IN
FISCAL
YEAR 2020
    * FOR FOLLOWING YEARS, COMPANY ASSUMES SIGNIFICANTLY
INCREASING
SALES AND PROFITS

Source text for Eikon:  ID:nEQ9nXjt7a 
Further company coverage:  N4G.DE 

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