Brief: Protektor Revokes Strategy Due To Changes In Economic Environment

Protektor SA

07/02/2023 07:00

Feb 7 (Reuters) - Protektor SA  PRTE.WA :
    * SAID ON MONDAY IT HAS DECIDED TO REVOKE ITS 2020-2023
STRATEGY
DUE TO UNFORSEEN CHANGES TO ECONOMIC ENVIRONMENT
    * FACTORS SUCH AS PANDEMIC, WAR IN UKRAINE, INFLATION, WAGE
PRESSURE AND HIGHER FINANCING COSTS INFLUENCED DECISION
    * FINANCIAL GOALS HAVE NOT BEEN MET
    * STRATEGY WAS PARTIALLY CARRIED OUT IN TERMS OF
CONSOLIDATION,
TRANSFERRING COMMON DEPARTMENTS TO POLAND, REORGANISATION,
PRODUCTION DEVELOPMENT AND LAUNCHING ONLINE STORE, WHILE CHANGES
TO PRODUCTION STRUCTURE ARE UNDERWAY
    * COMPANY WILL START WORKS ON NEW STRATEGY IN 2023

        
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