New strategy, revised guidance and cost cutting
Over the last 12-month Omnicar Holding AB has tried to raise sufficient capital to support our current international growth strategy. However, after the latest rights issue we have to realize that with the current investor environment, we cannot attract sufficient capital to support the current strategy. As a result, we have decided to downscale the company’s cost base in order to ensure that it matches our revenue.Details: From 1 July 2019 we plan to have reduced our monthly cost to around 800.000 - 850.000 SEK, primarily by laying off employees and relocate to a new office location. We