Brief: OT Logistics Eyes EBITDA Margin Of 10% In 2020

OT Logistics SA

20/12/2018 08:31

Dec 20(Reuters) - OT LOGISTICS S.A.  OTSL.WA :
    * SAID ON WEDNESDAY ITS SUPERVISORY BOARD APPROVED RECOVERY
PLAN
FOR OT LOGISTICS GROUP PRESENTED BY CO'S MANAGEMENT BOARD
    * RECOVERY PLAN AIMS TO INCREASE EBITDA AND IMPROVE THE
GROUP'S
FINANCIAL LIQUIDITY
    * AIMS TO REACH EBITDA PROFITABILITY OF 10% IN 2020
    * PLANS TO IMPROVE FINANCIAL LIQUIDITY THROUGH SALE OF
ASSETS IN
THE FORM OF NON-OPERATING REAL ESTATE, AS WELL AS INEFFECTIVE
OPERATING REAL ESTATE 
    * INTENDS TO CHANGE ITS GROUP STRUCTURE, SIMPLIFY AND
CONSOLIDATE
UNITS TO AMONG OTHERS OPTIMISE COSTS AND CUT INVESTMENT SPEND

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMbcKHqVa
    
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