Projektengagemang announced today further efficiency measures to restore its utilization rate and to adjust its cost base. The company seeks annual cost savings of SEK 55m, and will charge a restructuring one-off of SEK 25m in Q4.
We have added the announced one-off to our 2019 estimates as well as adjusted our assumptions for the number of employees and cost base, leading us to cut our adj. EBIT estimates by 4-11% for 201921.
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