Cost saving program in Aspiro

Aspiro’s Board of Directors has decided to execute a cost savings program of 20-25 MSEK yearly. The program mainly consists of staff reduction. Restructuring costs for the program of 10-15 MSEK will affect the company’s result for the third quarter. The program is expected to be completed during the fourth quarter.

The program affects Aspiro’s business areas Mobile Entertainment and Business Solutions. New growth areas in Rubberduck Media Lab and Mobile Marketing are not affected. Aspiro aims to execute the cost reductions as far as possible through voluntary programs.

- Reorganizations during last year showed that there is still a substantial potential for improvement in the organization. Even though revenue growth in Mobile Entertainment and Business Solutions has been good, these parts of our operations haven’t been profitable enough. Aspiro will continue to focus on growth and we see great possibilities ahead, says Aspiro’s CEO Gunnar Sellæg.