SSM is to take further saving measures to increase Group’s profitability during 2019
During 2018, SSM adapted its strategy and housing product to meet the changed financial situation of its target group. In addition, the company worked continuously to lower it’s cost base. Due to the already optimized organization at the end of 2018, the company's total salary costs for 2019 will decrease by -15.0 percent, which corresponds to 14.0 MSEK on full year. To further accelerate the reduction of the cost base, SSM will introduce a cost-efficiency program that aims to reduce the company’s overhead costs by 50.0 percent, which corresponds to 25.0 MSEK in comparison with 2018 year’s