Here are Antti’s comments as Bioretec initiates change negotiations.
Bioretec announced on Thursday that it is launching change negotiations regarding its Finnish organization, aimed at streamlining operations and achieving annual cost savings of approximately EUR 0.3 million. These negotiations are already the third within the past year. Based on the release, the company is reviewing efficiency opportunities extensively across the organization. We will factor potential cost savings into our forecasts once the outcome of the negotiations is clear. The targeted savings are modest in scale, so they have no impact on our view of the stock.