Formpipe: turning general consulting team reduction into slight profit
Research Note
2015-12-11
11:08
In its Q3 report, Formpipe already communicated that they had initiated a restructuring program to reduce its general consulting team in Denmark. This showed as a one-off cost from restructuring in the firm's Q3 results, but today the firm announced the sale of the unit to Danish competitor KMD, which will mean the restrucuring will turn into a smaller one-off profit in Q4 and potentially 2016.
AS
Alexander Sattelmaier
Disclosures and disclaimers