ITAB Group AB (publ) announces that the Board of Directors has resolved to discontinue the ongoing project to implement a new enterprise resource planning system (?ERP?) from Industrial and Financial System. As a result of the resolution, previously capitalised assets related to the project will be impaired, and a provision for future obligations will be made, resulting in an earnings impact totalling approximately MSEK 244, of which approximately MSEK 216 will be charged to the ITAB Group?s operating profit as a non-recurring item during the third quarter of 2026. Cash-flow effect of the impairment and provision amounts to approximately MSEK 40 relating to future obligations.
As part of the previous group-wide ?One ITAB? program, a project was initiated several years ago to implement a new group-wide ERP system for the then ITAB Group. The purpose was to standardise processes and ways of working across the Group.
At the same time, the acquisition of HMY, which was completed in January 2025, has given ITAB access to a broader application landscape and different technology approaches that were not available when the original ERP project was initiated Following a thorough evaluation together with the Group Management, the Board of Directors has resolved to discontinue the project to implement the new group-wide ERP system and instead proceed with a solution based on a combination of existing ERP systems and group-wide applications. The Board of Directors? assessment is that this approach will enable ITAB to accelerate business integration, reduce execution risk and deploy resources where they create value more quickly to achieve the same strategic objectives.
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