Oslo, Norway, 14 December 2022: CSAM Health Group AS (CSAM), a leading provider
of specialised software for healthcare, will implement a group-wide cost-saving
program that will ensure reaching the target EBITDA margin of 30% for fully
integrated business areas and products, as previously announced in the Q3 report
published on 30 November 2022.

The comprehensive program covers all business units, as well as the common
services area, and includes the following specific targets:

o Reduce personnel costs through a combination of non-replacement of voluntary
attrition and retirement, as well as redundancies. Between 25 and 35 employees
will be notified of redundancy in Q1 2023.
o Together, the total reduction of external consultants and employees will be
equivalent to approximately 60 FTEs, with a gross effect of approximately 60
MNOK.
o Any one-off effects related to the restructuring will be booked in Q4 2022.
o Continued focus on gross margin by further reducing COGS, targeting 5% of
total sales.
o Reduce other costs targeting 15% of total sales, compared to 20% in Q3 2022.

"After five acquisitions over the last 24 months, we are realising cost
synergies through a cost-saving program. This will give us the necessary
financial flexibility to continue our growth, especially important in these
times of macroeconomic uncertainty and increased cost of capital," said Sverre
Flatby, CSAM CEO. He added "Our growth ambitions remain unchanged and
demonstrating the profitability potential inherent in our business model is key
to supporting our long-term financing strategy."

For more information, please contact:
Einar Bonnevie
Chief Financial Officer
+47 91 55 45 32
einar.bonnevie@csamhealth.com

About CSAM
CSAM Health Group is the leading provider of specialised software for healthcare
in the Nordics. From this solid foundation the company has grown to serve more
than 500 customers in 25 countries. Our highly specialised software solutions
are instrumental in the clinical care processes of healthcare providers and in
enabling emergency responders to enhance public safety. CSAM's headquarters are
in Oslo, Norway. CSAM has more than 300 dedicated specialists in ten countries
across Europe, Asia, Oceania and North America, including a wholly-owned
software engineering subsidiary in the Philippines.

For more information, visit www.csamhealth.com
Follow us on LinkedIn 
Subscribe to our newsletter: http://eepurl.com/dsoOJH

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange