The Board of Geveko has decided to implement a functional line organization
which enters into force today and which supports a comprehensive profitability
program, “Force 50” of at least SKr 50 million annually with effect from 2014.
The program is expected to result in one-off costs of approximately SKr 20-25
million. The current organization is replaced by a line organization with clear
allocation of responsibility and authority.
“New organization model and implementation of a profitability program is part of
the strategy to reduce the cost structure of the company, achieve increased
operational efficiency, improved profitability and cash flow” says CEO Göran
Göteborg, Sweden October 9, 2013
AB GEVEKO (publ)
For further information kindly contact
Göran Eklund CEO and Managing Director
Phone +46 31 172945 +46 727 325054
This information is such that Geveko must disclose in accordance with the
Securities Markets Act. The information was submitted for publication on October
9, 2013 at 12.15 pm.
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