Brief: Pierce Group Concentrates On Implementing Profitability Improvement Program

Pierce AB (publ)

25/08/2023 07:25

Aug 25 (Reuters) - Pierce Group AB (publ)  PIERCE.ST :
    * IN LONGER PERSPECTIVE, WE BELIEVE THAT PROSPECTS FOR SUSTAINABLE MARKET GROWTH WILL
PERSIST
    * IN SPITE OF INFLATION AND CHALLENGING MACRO CONDITIONS, BOTH 2021 AND 2022 SAW AN ANNUAL
INCREASE IN NUMBER OF NEWLY REGISTERED MOTORCYCLES IN FIVE LARGEST COUNTRIES IN EUROPE (ACEM.EU)
    * WE PRIORITIZE CONTINUED MARGIN STRENGTHENING OVER SALES VOLUMES
    * WE ARE CONCENTRATING ON IMPLEMENTING PROFITABILITY IMPROVEMENT PROGRAM WHICH WAS LAUNCHED
LAST
YEAR IN COMBINATION WITH ONGOING COST CONTROLS

Source text for Eikon:  ID:nMFN91wnkY 
Further company coverage:  PIERCE.ST 

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