STRAX: NEW SIMPLIFIED GROUP STRUCTURE TO IMPROVE PRESENTATION OF THE COMPANY AND MAXIMIZE VALUE
The STRAX Board of Directors has resolved to split the group’s business into two parts – Own brands and Distribution. Both businesses will remain wholly owned by STRAX. This change will present an improved view of the value of each part of the group’s businesses and is also expected to deliver a more effective cost structure, once fully implemented. No change on consolidated group figures, however, the split P&L based on the figures for the first nine months of 2019 would be as follows: MEUR Distribution* Own Brands Other