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BRIEF-Concentric sees cost savings of SEK 30 mln/yr from restructuring plans
January 18, 2017 / 8:06 AM / 8 months ago

BRIEF-Concentric sees cost savings of SEK 30 mln/yr from restructuring plans

Jan 18 (Reuters) - Concentric AB

* Concentric announces impact of restructuring plans to align its resources to the lower activity levels

* Says total cash out flow associated with these actions is expected to be SEK 26 million, of which SEK 9 million has already been paid by end of 2016

* Says net impact of these restructuring plans upon company’s reported operating income for Q4 2016 is expected to be SEK 4 million income

* Says total impact of these restructuring plans is expected to generate annual cost savings estimated at SEK 30 million Source text for Eikon: Further company coverage:

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