It is about a cost and restructuring program that is now being implemented to reduce operating costs by SEK 102 million this year and SEK 129 million in 2024.
“Part of this program includes the reduced need for optician consultants,” writes Synsam in a press release.
The costs of the program are estimated at SEK 34 million and will affect the result for the fourth quarter of 2022, according to Synsam.
The cost reduction will mean a profit lift both for the full year 2023 and the full year 2024, according to the company. And on the stock exchange, it’s the thumbs up. The Synsam share rose 0.8 percent in Friday’s trading.
On the capital markets day, Synsam also confirms the goal to establish 90 new stores in the years 2021–2023 and to be able to start up another 90 new stores in the years 2024–2026.
The financial targets are also confirmed. In the medium term, organic growth should be 8–12 percent and the dividend should amount to 40–60 percent of the year’s net profit.