BKL 0.00% $94.73 blackmores limited

News: BKL Blackmores Says It Seeks To Divest Non-Core Brand Assets

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    Feb 25 (Reuters) - Blackmores Ltd (BKL) :

    • "THERE IS ACKNOWLEDGEMENT THAT OUR COSTS HAVE INCREASED AT A GREATER PACE AND OUR STRUCTURE HAS BECOME OVERLY COMPLEX"
    • GROUP IS SEEKING TO DIVEST NON-CORE BRAND ASSETS
    • REVENUE IN SECOND-HALF IS EXPECTED TO BE SIMILAR TO THAT ACHIEVED IN FIRST-HALF
    • FOCUSED ON ACHIEVING COST-OUT AND IDENTIFIED INITIATIVES TO DELIVER $50 MILLION IN GROSS EBITDA BENEFITS ANNUALLY FROM 2023
    • REMAIN FOCUSED ON ACHIEVING COST-OUT AND HAVE IDENTIFIED INITIATIVES TO DELIVER $50 MILLION IN GROSS EBITDA BENEFITS ANNUALLY FROM 2023

    BKL)

    (([email protected];))

 
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