Storebrand: Provisions for restructuring costs in 3rd quarter
Storebrand will in the accounts for 3rd quarter make provisions for about NOK 190 million to cover costs related to the announced cost program of NOK 400 million in annual savings. The provisions will affect all business units and comprise the estimated costs related to the cost program.
Further information regarding the cost program will be announced in connection to the result presentation for Q3 2012, which will take place 24 October 2012.
Lysaker, 10 October 2012
Contacts:
Communication Director Jan Otto Risebrobakken: +47 48 08 26 02
Head of Investor Relations Trond Finn Eriksen: +47 99 16 41 35
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)