Spotlio AS - Half-year report for the first half of the financial year 2024
(Oslo, 1 March 2024) Spotlio AS (“Spotlio”, OSE: SPOT) publishes half-year report for the first half of the financial year 2024 and announces a successful execution of strategic initiatives delivering additional savings of an estimated USD 1.2 million on an annualized basis.
Christian Erlandson, CEO of Spotlio, reflected on the company's strategic decisions, stating, "Implementing these measures has allowed us to refine our growth strategy, improve our margins, and significantly reduce operational costs. The decision to restructure was difficult, especially considering its impact on our valued team members. However, it was a necessary step to secure Spotlio's future success. We're eager to share more about our journey and the outcomes of these initiatives during our forthcoming Q3 earnings presentation."
We extend our deepest thanks to our employees, clients, and partners for their ongoing support and resilience during this period of transformation.
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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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About Spotlio AS
Spotlio AS is a trailblazing force in destination digital technology, offering tailor-made solutions from apps to e-commerce and almost everything in between that redefines the way consumers interact with resorts, parks, and attractions. With a decade long legacy of excellence, Spotlio empowers clients with innovative white-label digital solutions and pricing services, fostering connections and enhancing experiences on a global scale.
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