Brief: Projektengagemang: Adjusted Q3 Expectations And CEO Change

Projektengagemang Sweden AB

17/09/2019 06:51

Sept 17 (Reuters) - Projektengagemang Sweden AB  PENGb.ST :
    * PROJEKTENGAGEMANG ANTICIPATES LOWER EARNINGS THAN EXPECTED
IN
Q3. CEO LEAVES FOR NEW ASSIGNMENT
    * DUE TO LOW UTILIZATION RATE DURING AUGUST AND FIRST HALF
OF
SEPTEMBER Q3 EBITA-RESULT IS EXPECTED TO BE APPROXIMATELY 20
MSEK LOWER THAN IN SAME PERIOD LAST YEAR
    * EBITA-RESULT FOR FULL YEAR 2019 IS EXPECTED TO BE LOWER
THAN FOR
FULL YEAR 2018
    * PER HEDEBÄCK, PRESIDENT AND CEO, HAS RESIGNED AND INFORMED
BOARD
OF DIRECTORS THAT HE WILL LEAVE COMPANY FOR A NEW EXTERNAL
ASSIGNMENT
    * CHAIRMAN OF BOARD, PER-ARNE GUSTAVSSON, HAS BY BOARD BEEN
APPOINTED AS ACTING PRESIDENT AND CEO AS OF TODAY 17 SEPTEMBER
    * RECRUITMENT OF A NEW PRESIDENT AND CEO STARTS IMMEDIATELY
    * SALES AND COST INITATIVES THAT HAVE BEEN LAUNCHED DURING
YEAR
ARE RUNNING IN LINE WITH PLAN AND WE WILL REVIEW IF ADDITIONAL
INITIATIVES ARE NEEDED TO RESTORE PROFITABILITY

Source text for Eikon:  ID:nWkrbzKt85 
Further company coverage:  PENGb.ST 

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