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Full crisis in the Plantation

(Obi.no): on Monday came the message that Daniel Juhlin ending in the job as ceo. director of the Plantation with immediate effect.

Juhlin stepped down as ceo a week before the Ratos, which owns the Plantation, adding up figures.

- We would like to thank Daniel for his hard work and positive contribution to the company during a challenging period. Board member Christer Åberg will now go into the position as acting ceo. Christer has, with a proven history of strong management in the consumer and retail, a very suitable profile in order to strengthen the Plantation board of directors. His previous experience includes many years of management positions at Unilever and Orkla, as well as the adf. director of Hilding Anders and Arla Foods AB. Christer was until recently the ceo of McDonald's Nordic, stated Anders Slettengren, president of Ratos and responsible for the Plantation, in the message.

Restructuring at the time

the Plantation delivered in the third quarter, an adjusted operating result of minus 45 million Swedish kronor, and the company is in the process of a restructuring to cut costs, according to E24.

- We see lower fixed costs at the same time as we invest in stores in Sweden and Norway. We have also been down the previous year, explained Ratos's chief, Jonas Wistrøm, in conjunction with the national quarterly numbers, according to the newspaper.

Full emergency

Friday is the Ratos out with the numbers for the fourth quarter.

the interim report shows that the company once again went with the deficit. Ratos had a result before tax of minus nok 747 million Swedish crowns.

Furthermore, alerts Ratos a cut in the dividend for the 2018 75 percent, from two Swedish crowns to 50 cents.

the Plantation alone had a net profit on operations of minus nok 155 million in the quarter, compared to minus 109 million in the last year.

Moreover, had the Plantation a decrease in turnover. The company had a turnover of 737 million in the quarter, which is a decrease from the 755 million in the same period last year.

the Group has also recognised impairment losses of nok 600 million in the Plantation. The write-down has meant that Ratos has seen itself compelled to spit into more money in Plantation. A planned capital infusion of nok 200 million was carried out in the Plantation in January 2019 to reduce the ratio of the company, states.

Ratos will receive Friday ass on the Stockholm stock exchange, where the company plunging the entire 19,36 per cent.

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