Brief: Nelly To Start Cost Reduction Programme

Nelly AB (publ)

11/08/2022 08:31

Aug 11 (Reuters) - Nelly Group AB (publ)  NELLY.ST :
    * NELLY CONTINUES ITS TRANSFORMATION TOWARDS PROFITABILITY
BY
INTRODUCING A COMPREHENSIVE COST REDUCTION PROGRAMME
    * INTRODUCE A COST REDUCTION PROGRAMME, WHICH WILL REMOVE
40-50
MILLION SEK FROM ITS ONGOING OPERATING EXPENSES ON A YEARLY
BASIS.
    * FULL BENEFITS OF PROGRAMME ARE EXPECTED TO BE REALISED AS
OF Q2
OF 2023
    * MOST OF INITIATIVES UNDER COST REDUCTION PROGRAMME WILL BE
IMPLEMENTED DURING 2022 AND INCLUDE REDUCTIONS IN OFFICE-BASED
STAFF

Source text for Eikon:  ID:nMFN1z1XFl 
Further company coverage:  NELLY.ST 

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