Wednesday, 19 December 2012

BRIEF-Colt to take 28 mln euro charge on restructuring

LONDON | Wed Dec 19, 2012 2:09am EST

yielding increased bookings * Costs supporting our legacy business are being aligned with expected revenues * Efficiencies from implementing these plans are expected to amount to

approximately 44 million euros per annum * Will take an exceptional charge of between 28 million euros to 33 million euros in the fourth quarter of 2012 * Performance remains on track


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