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home / news releases / VIAO - VIA Optronics announces cost saving initiatives to drive margin improvement in H2

VIAO - VIA Optronics announces cost saving initiatives to drive margin improvement in H2

VIA optronics AG American Depositary Shares each representing one-fifth of an
  • VIA Optronics ( NYSE: VIAO ) on Thursday announced cost saving and pricing initiatives amid inflationary pressures to drive margin improvement in H2 of 2022 and beyond.
  • VIAO will implement further price hikes starting in Jul. to account for inflationary pressures related to labor, energy, transportation and materials.
  • The firm plans to consolidate suppliers to optimize costs.
  • VIAO will also improve production efficiencies by initiating improved cost structure due to full operating capacity at its Nuremberg, Germany facility.
  • "We are targeting breakeven net profit on a run-rate basis as we exit 2022... we believe these initiatives will help restore our historical margin profile and position VIAO for long-term sustainable profitability," said CEO Jürgen Eichner.

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VIA Optronics announces cost saving initiatives to drive margin improvement in H2
Stock Information
Company Name: VIA optronics AG American Depositary Shares each representing one-fifth of an
Stock Symbol: VIAO
Market: NYSE
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