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All the latest financial press releases from HMS Networks

HMS Networks AB (publ) implements a cost reduction program to adapt to a weaker market

by User Not Found | Sep 23, 2019

As reported in the second quarter report, HMS sees a more challenging market short-term and has therefore decided to implement a cost reduction program to right-size its operations in areas with lower growth. 

The financial impact will be a run-rate saving of 45 MSEK with full impact 2020. As a result of the program, HMS will have non-recurring costs of 25 MSEK that will impact the third quarter 2019. In total the program will affect 40 employees throughout the group, of which 24 employees in Sweden.


For more information, please contact:
Staffan Dahlström, CEO HMS, +46 (0)35 17 29 01
Joakim Nideborn, CFO HMS, +46 (0)35 710 6983

This information is such that HMS Networks AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the contact persons set out above, at 13:00 CET on September 23, 2019.



Investors press contact

HMS Headquarters - Sweden

JONI

JOAKIM NIDEBORN

Tel: +46 35 17 29 00

Email: joni@hms.se