Brief: TargetEveryOne Q3 EBITDA Loss Narrows To SEK 5.6 Mln

Spectrumone AB (publ)

29/10/2019 10:35

Oct 29 (Reuters) - TargetEveryOne AB (publ)  TEONE.ST :
    * Q3 EBITDA AMOUNTED TO MSEK -5.6 (-7.4)
    * Q3 NET SALES AMOUNTED TO MSEK 2.5 (3.2)
    * DIVESTMENT OF OUR LEGACY BUSINESS HAS MADE A HUGE POSITIVE
IMPACT ON OUR ABILITY TO ACCELERATE SPECTRUMONE SALES.
    * WE WILL NOW ENTER NEXT YEAR WITH AN ORDINARY FIXED COST
LEVEL
THAT IS REDUCED BY ALMOST 60 %
    * ANOTHER POSITIVE CONSEQUENCE OF OUR DIVESTMENT IS THAT WE
HAVE
BEEN ABLE TO REDUCE OUR COSTS EVEN FURTHER, AS COMPLEXITY OF OUR
DAILY OPERATIONS HAS DECREASED

Source text for Eikon:  ID:nWkr68cXWw 
Further company coverage:  TEONE.ST 

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