Nexus retains net sales but profit falls - action plan to be implemented
Nexus retains net sales but profit falls - action plan to be implemented Nexus has retained its level of net sales from the first quarter 2001, but profit has fallen to SEK -2.9 million before depreciation, SEK -4.9 million before goodwill amortisation, and SEK -10.8 million after financial items. In order to counteract the deterioration in profit and the general insecurity in the market Nexus is carrying out an action plan that will result in annual cost savings of SEK 30 million. Savings for 2002 will amount to approximately SEK 15 million, including a reduction in structural costs. The