Quant Announces Strategic Transformation Plan - Seite 2

The new global organization will be in place by 1 June 2019 and consist of Johan Eriksson (CEO), Linda Höljö (CFO), Johan Hårsta (Chief Operating Officer), Jacob Duhan (Chief Commercial Officer), Olof Hedin (Chief Digital Officer), Chief People Officer to be recruited, Terese Holmqvist (General Counsel), Pekka Venäläinen (Region Manager Europe), Jan Löfving (Region Manager Scandinavia), Maximiliano Aqueveque (Region Manager Americas) and André Strömgren (Transformation). The regional structure will be completed following union negotiations.

The transformation plan is expected to improve adjusted EBITDA in excess of EUR 4 million on a run-rate basis compared to December 2018. The transformation plan will be completed in December 2020. Quant forecasts EUR 7-9 million in restructuring and other one-off costs will be required to execute the plan, which will be recorded as non-recurring items as they occur. A temporary Transformation function heads the execution of the transformation plan, starting with dialogue with affected staff and unions.

"I believe that this is a landmark change in the way we operate. A clear geographic focus on selected markets organized in four balanced regions, development in virtual teams, investments in people and safety, as well as a stronger value proposition, will mean that we build a solid foundation for future growth" says CEO Johan Eriksson.

Quant AB (publ) 

For further information, please contact:

Johan Eriksson
President and CEO
[phone]

André Strömgren
VP, Commercial
Investor Relations & Treasury
[phone]
E-mail: [e-mail]

Quant AB (publ) is a global leader in industrial maintenance. For over 30 years, we have been realizing the full potential of maintenance for our customers. From embedding superior safety practices and building a true maintenance culture, to optimizing maintenance cost and improving plant performance, our people make the difference. We are passionate about maintenance and proud of ensuring we achieve our customers' goals in the most professional way. The group operates internationally in close to 30 countries world-wide, employing close to 3,000 people. The parent company is located in Stockholm, Sweden.