Brief: Serstech Cuts Costs To Adapt To New Market Conditions

Serstech AB

23/03/2020 07:51

March 23 (Reuters) - Serstech AB  SERT.ST :
    * REG-SERSTECH AB: SERSTECH REDUCES COST TO ADAPT TO NEW MARKET CONDITIONS
    * SERSTECH HAS INITIATED A COST-CUTTING PROGRAM TO REDUCE IMPACT OF CHANGING MARKET
CONDITIONS
AFTER CORONA OUTBREAK
    * ALL ESSENTIAL FUNCTIONS WILL REMAIN INTACT, BUT PROGRAM HAS SEVERAL CONTINGENCIES WHICH
CAN
QUICKLY BE ACTIVATED IF CURRENT SITUATION REMAINS FOR A PROLONGED PERIOD
    * SALES WILL BE LOW FOR COMING MONTHS, IS TAKING ACTIONS TO LOWER OUR SPENDING FAST

Source text for Eikon:  ID:nGNE9XNyyv 
Further company coverage:  SERT.ST 

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