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2007-11-01 07:55:19 CET 2007-11-01 07:55:19 CET REGULATED INFORMATION Aldata Solution Oyj - Company AnnouncementALDATA RESTRUCTURES TO STREAMLINE BUSINESSAldata Solution Oyj STOCK EXCHANGE RELEASE 1 November 2007 at 8.55 a.m. (EET) ALDATA RESTRUCTURES TO STREAMLINE BUSINESS Aldata will in the fourth quarter 2007 implement a restructuring plan in order to lower its cost base and streamline its organizational structure. All operating expenses of the Company have been analyzed carefully and multiple measures to cut costs will be implemented. The restructuring plan includes a personnel reduction of up to 100 employees, covering all areas of the Company. The other largest item is a significant reduction in office facilities and administrative overheads. All actions are planned to be taken during the fourth quarter 2007. The estimated financial impact of these measures is approximately EUR 6 million of non-recurring costs and provisions. These costs will impact the financial results for the fourth quarter of 2007. The cash impact in the fourth quarter of these costs is approximately EUR 3 million. Negotiations with personnel will start today. Based on the plan, the net annualized cost improvement is estimated to be approximately EUR 8 million and will have full annual impact in 2008. Bertrand Sciard, President and CEO comments:"In order to bring Aldata back to profitability, we are today announcing a plan of actions to significantly reduce our cost base. Although these actions will negatively impact the fourth quarter results, they will provide a solid foundation from which we can grow the business profitably in the coming quarters and years. These intended actions are based on specific analysis of Aldata's operations and performance worldwide. I am aware of the impact today's announcement will have on our affected employees, these are difficult decisions. However, we need to act decisively to safeguard the future of Aldata, and the vast majority of our employees." Helsinki, October 31, 2007 Aldata Solution Oyj Board of Directors Further information: Aldata Solution Oyj, Bertrand Sciard, President and CEO, tel. +358 10 820 8016/Aldata Solution Oyj Aldata Solution Oyj, Thomas Hoyer, CFO, tel. +358 10 820 8010 Aldata in brief Aldata Solution is one of the global leaders in supply chain software for retail, wholesale and logistics companies. The company's comprehensive range of Supply Chain Management and In-Store solutions enable its more than 300 customers across 50 countries to enhance productivity, profitability, performance and competitiveness. Aldata is a public company quoted on the Helsinki Stock Exchange with the identifier ALD1V. More information at: www.aldata-solution.com |
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