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Polaris Media ASA ( (DE:93J) ) has shared an announcement.
Polaris Media ASA is implementing cost measures in its subsidiary, Stampen Media, due to weak performance in the first half of 2025. These measures include downsizing approximately 60 full-time positions in Swedish media houses, aiming to reduce costs by 45 million Swedish kronor annually. Additionally, structural changes in Stampen Media’s distribution business are expected to yield a net annual effect of 15 million Swedish kronor starting from the third quarter of 2025.
More about Polaris Media ASA
YTD Price Performance: -2.44%
Average Trading Volume: 6,163
Current Market Cap: NOK3.11B
Learn more about 93J stock on TipRanks’ Stock Analysis page.