Scanship has in view of lower than expected profits over the last quarters, initiated a cost reduction program that is expected to have full effect from beginning of 2017.
The aim of the program is to reduce operating cost by minimum 20%, approx. NOK 1 mill per month at current level of operation.
The program will combine layoffs and reduction in other operating costs.
Henrik Badin, CEO, says that "Scanship has through the years supplied state of the art technology for environmental protection, becoming a leader in the Cruise Industry. We remain confident in our future, retaining our core capabilities and continue to develop our market position with new and stronger technology offerings. Moving forward we must secure that we are performing as efficient as possible".
For further queries, please contact:
Henrik Badin - CEO
Scanship Holding ASA
Tel: +47 90 78 98 25
Email: henrik.badin@scanship.no
ABOUT SCANSHIP HOLDING ASA
Scanship is an industry leader in advanced technologies for processing waste and purifying water within the maritime industry. Owners of vessels operating our systems have the solutions to convert all waste and wastewater to inert materials, recyclables, clean flue gas and effluent, which meets the highest international discharge standards. Our new technologies will recover water and produce energy, providing tangible payback from the operations. We strive for the highest quality, innovative and sustainable solutions.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.