Transcom publishes pro forma comparable figures for new segment reporting structure
Stockholm, 7 April 2016
Transcom WorldWide AB (publ) today released comparative financial information (please see table in enclosed PDF) in the segment reporting structure adopted in Q1 2016, reflecting previously announced changes that are described below. The segment reporting change affects only the segment composition and does not change the Transcom Group’s consolidated results, as previously disclosed.
As previously disclosed, Transcom’s global business is now managed within three regions, in addition to the Latin American organization currently under review: North Europe, Continental Europe, and English-speaking markets & APAC.
- The region Continental Europe combines our operations in Spain and Portugal with the former Central & South Europe region (excluding the United Kingdom).
- The region English-speaking markets and APAC, integrates the UK organization with our operations in the former North America & Asia Pacific region.
- The region North Europe is unchanged.
- Transcom’s assets in Latin America, currently under strategic review, will be managed separately.
This realignment will improve efficiency and further streamline Transcom’s global business operations, as well as focus the organization’s resources on prioritized growth areas.
For further information, please contact:
Johan Eriksson, President and CEO
Telephone +46 70 776 80 22
Ulrik Englund, CFO
Telephone +46 70 286 85 92
Stefan Pettersson, Head of Group Communications
Telephone +46 70 776 80 88