Hexatronic Announces Performance Improvement Program, New Financial Targets

Reuters

Sep 11

Sept 11 (Reuters) - Hexatronic Group AB ::
*ANNOUNCES PERFORMANCE IMPROVEMENT PROGRAM AND NEW FINANCIAL TARGETS TO REFLECT ACCELERATED SHIFT TO GROWTH SEGMENTS
*CONSOLIDATION AND RIGHT-SIZING WILL RESULT IN A TOTAL REDUCTION OF 120 EMPLOYEES WITHIN FIBER SOLUTIONS IN EUROPE
*ONE-OFF COSTS ESTIMATED TO SEK 230M, OF WHICH SEK 125M CASH EFFECT. MOST OF ONE-OFF ESTIMATED COSTS WILL IMPACT Q3 2025 RESULTS
*COST SAVINGS ESTIMATED TO SEK 122M AND A NET EBITA EFFECT OF SEK 110M ON AN ANNUALIZED BASIS
*FIBER OPTIC CABLE MANUFACTURING IN FACILITY IN SOUTH CAROLINA HAS BEEN POSTPONED TO 2027

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 11-SEP-202506:30:05.057 GMT

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