Brief: Nobia - Continues To Apply Strict Cost Discipline

Nobia AB

05/11/2024 08:21

Nov 5 (Reuters) - Nobia AB  NOBI.ST :
    * DURING QUARTER, A MAJOR REORGANIZATION AIMED AT
DECENTRALIZING
RESPONSIBILITIES WAS COMPLETED
    * CONTINUE TO ALIGN OUR OPERATIONS WITH CURRENT MARKET
CONDITIONS
    * COST REDUCTION INITIATIVES IMPLEMENTED EARLIER IN YEAR
GENERATED
SAVINGS ACCORDING TO PLAN
    * TO IMPROVE GROSS MARGINS, WE ARE ADJUSTING OUR PRODUCT
OFFERING
TO STRENGTHEN AVERAGE ORDER VALUES
    * EXPECT PROJECT SALES TO BE SOFT
    * WILL CONTINUE TO APPLY STRICT COST DISCIPLINE AND
REDISTRIBUTE
RESOURCES TOWARD CONSUMER SEGMENT

Source text:  ID:nWkrb2tBQQ 
Further company coverage:  NOBI.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))