Brief: Solteq's Efficiency And Cost-Savings Program Has Been Completed

Solteq Oyj

24/06/2024 12:09

June 24 (Reuters) - Solteq Oyj  SOLTEQ.HE :
    * SOLTEQ'S EFFICIENCY AND COST-SAVINGS PROGRAM HAS BEEN
COMPLETED
    * IT ESTIMATES ACHIEVING ANNUAL SAVINGS OF APPROXIMATELY EUR
3.4
MILLION
    * APPROXIMATELY A THIRD OF ANNUAL COST SAVINGS IS EXPECTED
TO BE
REALIZED IN 2024
    * COMPANY'S WORKFORCE WILL BE REDUCED BY 24 EMPLOYEES IN
FINLAND
    * WITH A MORE AGILE ORGANIZATION AND A LEANER COST
STRUCTURE,
COMPANY AIMS TO CREATE CONDITIONS FOR IMPROVING PROFITABILITY
    * FOR RETAIL & COMMERCE SEGMENT, LONG-TERM TARGET FOR ANNUAL
GROWTH IS TO ACHIEVE A MINIMUM OF 8 % FOR REVENUE AND 8 % FOR
OPERATING RESULT MARGIN

Source text for Eikon:  ID:nWkr8JfXjX 
Further company coverage:  SOLTEQ.HE 

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