Brief: Readly Restructures

Readly International AB (publ)

31/03/2022 06:53

March 31 (Reuters) - Readly International AB (publ)
 READ.ST :
    * READLY INITIATES ACTIONS TO INCREASE REVENUES AND REDUCE
COSTS
TO FURTHER SUPPORT THE PATH TOWARDS PROFITABILITY
    * ANNOUNCING PLANS TO RESTRUCTURE ITS WORKFORCE AND TAKE
MEASURES
TO FURTHER IMPROVE COMPANY'S COMPETITIVE POSITION
    * RESTRUCTURING INCLUDES A REDUCTION OF APPROXIMATELY 30
POSITIONS
INCLUDING CONSULTANTS
    * PRODUCT DEVELOPMENT AND INNOVATION WILL SEE FURTHER
INVESTMENTS
AND RECENT PRICE INCREASE IN UK WILL BE FOLLOWED BY ADDITIONAL
MARKETS DURING 2022
    * WORKFORCE RESTRUCTURING: READLY WILL REDUCE ITS WORKFORCE,
IMPACTING APPROXIMATELY 30 POSITIONS
    * COST SAVINGS WILL COME INTO EFFECT FROM Q3 AND AMOUNT TO
AROUND
18 MILLION SEK FOR 2022.
    * READLY AIMS TO REDUCE ITS MARKETING SPEND WHILE STILL
MAINTAINING REVENUE GROWTH TARGET OF 25% PER YEAR.

Source text for Eikon:  ID:nWkr1yYTvQ 
Further company coverage:  READ.ST 

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