Brief: NGS Starts Restructuring Program, To Start Negotiations With Union Parties

NGS AB

11/09/2023 08:53

Sept 11 (Reuters) - NGS Group AB  NGSG.ST :
    * IS STARTING A RESTRUCTURING PROGRAM TO IMPROVE
PROFITABILITY
    * IN ADDITION A GOODWILL WRITE-DOWN IS CARRIED OUT
    * THE SAVINGS ARE EXPECTED TO HAVE AN ANNUAL EFFECT OF
APPROXIMATELY SEK 12 MILLION STARTING IN 4TH QUARTER 2023
    * COMPANY WILL SHORTLY BEGIN NEGOTIATIONS WITH UNION PARTIES
    * BOARD HAS ALSO DECIDED ON A GOODWILL WRITE-DOWN OF SEK 100
MILLION, WHICH WILL BE REPORTED AS A ONE-OFF COST IN THE Q3 2023
    * COST OF SAVINGS PROGRAM WILL BE REPORTED AS A ONE-OFF COST
AND
WILL BE COMMUNICATED IN Q3 2023

Source text for Eikon:  ID:nGNE2YNd4n 
Further company coverage:  NGSG.ST 

 (Gdansk Newsroom)
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