During the process, the intangible assets of the company have also been evaluated. A write-down of capitalized development projects of approximately 14 MSEK will thereby be charged to the fourth quarter of 2023. The one-off costs do not affect the covenants in the company's loan agreement. Full financial effect is expected during the third quarter of 2024.
The measures are taken to ensure long-term competitiveness and profitable growth to obtain a more cost-efficient organization that meets the customers' future needs with maintained quality and customer satisfaction.
In addition to measures such as restructuring of the business, optimization of the product portfolio, and an increased focus on prioritized markets, the company plans to reduce the workforce by approximately 30 positions globally. In
"The company has experienced strong growth, but our way of working has not been adapted at the same pace as corporate growth. Given this position and the capital increase that we secured earlier this year, we are now ready to take the next step toward a more efficient and focused organization within administration, product development, and sales. With this transformation of the business and investments in selected focus areas we will be well-equipped to meet our customers' future needs while also securing long-term competitiveness and profitable growth," says
For further information, please contact:
Susanna Zethelius, CFO, +46 704 440 092
info@pricer.com
This information constitutes insider information that
Every care has been taken in the translation of this document. In the event of discrepancies, the Swedish original will supersede the English translation.
About Pricer
Pricer is a leading global technology company serving the rapidly growing smart retail market with in-store digital solutions that enhance both store performance and the shopping experience. Through electronic shelf labels, advanced technology, such as optical wireless communication and AI, and continuous innovation, Pricer offers the foundation for in-store communication and efficiency. The industry-leading Pricer platform delivers benefits from 30 years of deployment experience and is fast, robust, interconnectable and scalable. Pricer was founded in
https://news.cision.com/pricer/r/pricer-initiates-a-cost-savings-program-which-leads-to-savings-of-approximately-50-msek-for-long-ter,c3894165
https://mb.cision.com/Main/715/3894165/2496600.pdf
(c) 2023 Cision. All rights reserved., source