Storebrand: Provisions for restructuring costs in 3rd quarter
Storebrand will in the accounts for 3(rd) quarter make provisions for about NOK
190 million to cover costs related to the announced cost program of NOK 400
million in annual savings. The provisions will affect all business units and
comprise the estimated costs related to the cost program.
Further information regarding the cost program will be announced in connection
to the result presentation for Q3 2012, which will take place 24 October 2012.
Lysaker, 10 October 2012
Contacts:
Communication Director Jan Otto Risebrobakken: +47 48 08 26 02
Head of Investor Relations Trond Finn Eriksen: +47 99 16 41 35
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Storebrand ASA via Thomson Reuters ONE
[HUG#1647828]
