Wyld Networks’ Interim Report Q3 2024
STRENGTHENING WYLD’S FUTURE BY RESETTING STRATEGY AND ORGANISATION WITH FOCUS ON DELIVERY AND GROWTHThe Company have undertaken an organisational restructure, a new strategy and a cost cutting exercise with the focus on ensuring the Company efficiently meets the short term needs to deliver product to our customers. The year-to-date Operating Income is MSEK 6.1, which is 17% ahead of prior year. The cost cutting exercise started in Q2 2024 will be fully seen in Q4 2024 which will show a reduction of Personnel costs (Employee and Contractor costs) of 40% compared to Q2 2024 running rate.