Farm owner announces cost reductions – E24

Farm owner announces cost reductions – E24

The factory warehouse has seen weak economic growth in the past two years, according to its owner.

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Swedish investment firm Rattus will introduce a “comprehensive cost-savings programme” at Plantasgen in 2024. This was revealed in a letter on Monday.

The company does not want to comment on its cost-cutting plans before filing its quarterly report on February 12, according to Vice President of Communications Josephine Obling.

Furthermore, Rattus wrote off a value “good intention”“good intention”It can be defined as brand value 250 million SEK in record store sales in the fourth quarter.

Ratos acquired the Norwegian plant and garden store chain for NOK 1.2 billion in 2016.

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Poor result for Plantasgin

In the third quarter, Plantasjen sold plants and other goods sold for NOK 902 million, a slight increase of NOK 17 million on the same period last year.

At the same time, operating profit (EBITDA) decreased. For the quarter, it all ended at negative NOK 215 million, from NOK 9 million the previous year.

The Swedish investment firm presents final numbers for the fourth quarter of last year and the year as a whole on February 12.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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