Brief: Actic Group Expects Q2 Net Sales In Line With Previous Year

Actic AB

19/07/2019 06:37

July 19 (Reuters) - Actic Group AB  ATIC.ST :
    * RESTRUCTURING COSTS ARE CHARGED TO Q2 - NET SALES IN LINE
WITH
THE PREVIOUS YEAR
    * NET SALES DURING Q2 ARE EXPECTED TO BE IN LINE WITH
PREVIOUS
YEAR.
    * SALES OF NEW MEMBERSHIPS HAVE DEVELOPED POSITIVELY IN
RECENT
MONTHS IN ALL MARKETS, WHILE CHURN HAS BEEN STABLE.
    * PRELIMINARY EBIT IN Q2 AMOUNTED TO APPROX. SEK 0 MILLION,
COMPARED WITH LAST YEAR'S APPROX. SEK 20 MILLION.
    * WORK ON INCREASING PROFITABILITY OR PHASING OUT FACILITIES
THAT
DO NOT ACHIEVES INTERNAL PROFITABILITY TARGETS CONTINUES
    * PLAN TO INCREASE ORGANISATION'S PROFITABILITY AND
PRODUCTIVITY
THROUGH MORE EFFICIENT OPERATIONS AND LOWER SUPPORT COSTS IS
IMPLEMENTED GRADUALLY
    * HAS BEEN IN AN ADJUSTMENT PROCESS SINCE TURN OF YEAR,
WHICH IN
Q2 RESULTED IN ADDITIONAL COSTS TOTALING ALMOST SEK 12 MILLION
    * COSTS ARE ESTIMATED TO DECREASE BY APPROXIMATELY SEK 40-50
MILLION ON AN ANNUAL BASIS WITH FULL EFFECT FROM Q1 OF 2020

Source text for Eikon:  ID:nWkrbgPhPB 
Further company coverage:  ATIC.ST 

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