Skandia Greenpower implements group-wide cost saving programme

28 Feb 2023 08:46 CET

As announced by Skandia Greenpower (‘the Company’) in the stock exchange notice
of 15 February 2023, the private placement made by Evendo Invest AS has
strenghtened the Company’s financial capacity for a period. To ensure the
Company’s operations, a group-wide cost saving programme will be implemented
immediately. The aim of the programme is to ensure cash positive operations in
second half of 2023. The programme will entail the following:

A reduction of up to 12 full-time equivalents in first quarter of 2023 through a
combination of non-replacement of employees leaving the Company voluntarily as
well as redundancies. Subsequent of the cost saving programme, the Company will
have a total of 7 to 10 full-time equivalents.

Significant decrease in the use of external consultants.

Continuous focus on the gross margin through reducing other operating expenses.


For further information, please contact:

Odd Henning Dypvik
Chair of the Board
e-mail: odd.dypvik@gmail.com
Phone: +47 901 24 231

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