Brief: ZignSec Implements Cost Savings

ZignSec AB (publ)

22/05/2023 07:11

May 22 (Reuters) - ZignSec AB (publ)  ZIGN.ST :
    * IMPROVES PROFITABILITY BY IMPLEMENTING COST SAVINGS.
    * HAS DECIDED TO IMPROVE GROUP'S PROFITABILITY AND CREATE A
POSITIVE OPERATIONAL CASH FLOW BY IMPLEMENTING COST SAVINGS AND
OTHER EFFICIENCY MEASURES
    * MEASURES MAINLY CONSIST OF A REDUCTION IN WORKFORCE
    * COST-SAVING MEASURES IMPLEMENTED STARTING IN MAY 2023 ARE
ESTIMATED TO REDUCE GROUP'S COSTS BY SEK 14 MILLION ANNUALLY
    * COST-SAVING MEASURES ARE EXPECTED TO BE FULLY IMPLEMENTED
AT
BEGINNING OF 2024.

Source text for Eikon:  ID:nMFNbFz9ll 
Further company coverage:  ZIGN.ST 

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