-+ 0.00%
-+ 0.00%
-+ 0.00%

Itab Group Scraps Ongoing ERP Project, to Take SEK244 Million Earnings Hit

MT Newswires·09/10/2026 03:59:57
Listen to the news
03:59 AM EDT, 09/10/2026 (MT Newswires) -- Itab Group (ITAB.ST) will discontinue an ongoing project to implement a new group-wide enterprise resource planning system, resulting in a total earnings impact of 244 million kronor. The retail shop concepts and equipment supplier said Thursday that 216 million kronor will be charged to its operating profit as a non-recurring item in the third quarter. It expects a cash-flow impact of 40 million kronor distributed over two years. Itab said it will instead carry out a combination of existing ERP systems and group-wide applications.