Brief: Nobia To Reduce Costs In Nordic Supply Chain

Nobia AB

27/06/2024 08:20

June 27 (Reuters) - Nobia AB  NOBI.ST :
    * NOBIA TAKES FURTHER ACTION TO TRANSITION TO AN ASSET-LIGHT
MODEL
IN THE UK AND REDUCE COSTS IN THE NORDIC SUPPLY CHAIN
    * MEASURES WILL RESULT IN ANNUALIZED SAVINGS OF
APPROXIMATELY SEK
160M
    * MEASURES WILL REACH FULL EFFECT BY 2025
    * DUE TO CONTINUED LOW VOLUMES IN NEW CONSTRUCTION ACROSS
NORDIC
REGION, DEMAND FROM PROJECT CUSTOMERS REMAINS LOW
    * TOTAL COST OF THESE CHANGES AMOUNT TO APPROXIMATELY SEK
180M OF
WHICH APPROXIMATELY SEK 60M IS NON-CASH
    * TOTAL COST OF CHANGES WILL BE RECORDED AS ITEMS AFFECTING
COMPARABILITY IN NOBIA'S INTERIM REPORT FOR Q2 2024
    * AMOUNTS INCLUDE PREVIOUSLY ANNOUNCED CLOSURE OF HALIFAX
MANUFACTURING
    * TO ADAPT TO LOWER VOLUMES, COST-REDUCING MEASURES ARE
BEING
IMPLEMENTED IN NORDIC SUPPLY CHAIN
    * ANNUAL SAVINGS FROM MEASURES IN NORDIC REGION WILL AMOUNT
TO
ABOUT SEK 38M AND WILL REACH FULL EFFECT BY Q1 2025

Source text for Eikon:  ID:nWkrbLzCGN 
Further company coverage:  NOBI.ST 

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