{"id":28477,"date":"2023-11-02T09:06:34","date_gmt":"2023-11-02T08:06:34","guid":{"rendered":"https:\/\/www.secanda.com\/?p=28477"},"modified":"2023-11-02T09:16:22","modified_gmt":"2023-11-02T08:16:22","slug":"restructuring-and-cost-reduction-business-development","status":"publish","type":"post","link":"https:\/\/www.secanda.com\/en\/restructuring-and-cost-reduction-business-development\/","title":{"rendered":"Restructuring and cost reduction, business development"},"content":{"rendered":"<p>SECANDA AG is reorganising its business in Germany and has bundled its largest subsidiaries in Germany to form SECANDA Systems AG for this purpose. After the conversion of InterCard GmbH into SECANDA Systems AG and the merger of the subsidiary IntraKey technologies AG into the company, the newly acquired subsidiary H. Schom\u00e4cker GmbH was also recently merged into SECANDA Systems AG.<\/p>\n<p>The merger of the three companies is accompanied by significant cost reductions, which are currently being implemented as a package. Duplicate structures will be significantly reduced and personnel resources will be used more efficiently at the same time. <\/p>\n<p>The cost reductions should make the SECANDA Group clearly profitable again from 2024, even if new markets and existing markets continue to develop as cautiously as they have recently. <\/p>\n<p>Also due to the restructuring costs including severance payments, the SECANDA Group is not expected to close the current financial year with a profit. The current cost-cutting measures complement the first cost reductions in the Group, which had already been decided at the beginning of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SECANDA AG is reorganising its business in Germany and has bundled its largest subsidiaries in Germany to form SECANDA Systems AG for this purpose. After the conversion of InterCard GmbH  [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-28477","post","type-post","status-publish","format-standard","hentry","category-investor-relations-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Restructuring and cost reduction, business development - SECANDA AG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.secanda.com\/en\/restructuring-and-cost-reduction-business-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Restructuring and cost reduction, business development\" \/>\n<meta property=\"og:description\" content=\"SECANDA AG is reorganising its business in Germany and has bundled its largest subsidiaries in Germany to form SECANDA Systems AG for this purpose. 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