Profitability program and new organization

The Board of Geveko has decided to implement a functional line organization which enters into force today and which supports a comprehensive profitability program, “Force 50” of at least SKr 50 million annually with effect from 2014. The program is expected to result in one-off costs of approximately SKr 20-25 million. The current organization is replaced by a line organization with clear allocation of responsibility and authority.

“New organization model and implementation of a profitability program is part of the strategy to reduce the cost structure of the company, achieve increased operational efficiency, improved profitability and cash flow” says CEO Göran Eklund.

  
Göteborg, Sweden October 9, 2013
AB GEVEKO (publ)

  
For further information kindly contact
Göran Eklund CEO and Managing Director
Phone +46 31 172945 +46 727 325054

    
This information is such that Geveko must disclose in accordance with the Securities Markets Act. The information was submitted for publication on October 9, 2013 at 12.15 pm.