Cost saving program in Aspiro Aspiro's Board of Directors has decided to execute a cost savings program of 20-25 MSEK yearly. The program mainly consists of staff reduction. Restructuring costs for the program of 10-15 MSEK will affect the company's result for the third quarter. The program is expected to be completed during the fourth quarter. The program affects Aspiro's business areas Mobile Entertainment and Business Solutions. New growth areas in Rubberduck Media Lab and Mobile Marketing are not affected. Aspiro aims to execute the cost reductions as far as possible through voluntary programs. - Reorganizations during last year showed that there is still a substantial potential for improvement in the organization. Even though revenue growth in Mobile Entertainment and Business Solutions has been good, these parts of our operations haven't been profitable enough. Aspiro will continue to focus on growth and we see great possibilities ahead, says Aspiro's CEO Gunnar Sellæg. For more information, please contact: Kristin Breivik Eldnes Acting Communications Manager Tel: +47 908 07 389 E-mail: kristin.eldnes@aspiro.com Gunnar Sellæg CEO Tel: +47 901 81 528 E-mail: gunnar.selleg@aspiro.com Aspiro in Brief Aspiro creates and provides mobile entertainment, business solutions and search services, and is a market leader in the Northern european region. Using Aspiro's services, users can do things like watch TV, listen to music and play games on their mobile phones. Sales are through partners as mobile operators and brands such as Inpoc, Cellus and Boomi. Aspiro was incorporated in 1998 and is a small-cap company listed on the Nordic Exchange in Stockholm. In 2007, Aspiro's sales were SEK 405 m and the company has some 150 employees. The head office is in Sweden, with office presences in Norway, Sweden, Finland, Denmark, Estonia, Latvia and Lithuania. For more information about Aspiro please visit www.aspiro.com
Cost saving program in Aspiro
| Source: Aspiro AB