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BRIEF-Meyer Burger Technology initiates cost efficiency programme, to cut 180 positions
November 2, 2017 / 5:39 AM / a month ago

BRIEF-Meyer Burger Technology initiates cost efficiency programme, to cut 180 positions

Nov 2 (Reuters) - Meyer Burger Technology Ag

* INITIATED A COST EFFICIENCY PROGRAMME

* ‍ALL MANUFACTURING ACTIVITIES IN THUN ARE EXPECTED TO BE DISCONTINUED BY END OF 2018​

* ‍RESULTING MEASURES WILL AFFECT UP TO 180 POSITIONS​

* ‍EXPECTS MOST OF TRANSFORMATION TO BE COMPLETED BY END OF 2018​

* ‍POSITIVE EBITDA IMPACT OF ABOUT CHF 10 MILLION AS OF FY 2019​

* ONE-OFF CASH-RELATED EXTRAORDINARY EXPENSES OF ABOUT CHF 10 MILLION​

* ONE-OFF NON-CASH RELATED EXTRAORDINARY CHARGE OF ABOUT CHF 40 MILLION WILL BE RECORDED TO 2017 FY

* ‍CONFIRMS ITS OUTLOOK FOR NET SALES 2017​

* ‍ADJUSTS ITS PREVIOUS EBITDA GUIDANCE FOR FISCAL YEAR 2017 TO A LEVEL OF CHF 5-15 MILLION​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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