Danish job board Jobindex (JOBNDX: CPH) announced that it is undertaking a strategic review of the opportunities in the Swedish market, including the opportunities to sell or merge its subsidiary Jobbsafari with other job sites in the Swedish market. 

The company added that the strategic review is part of the ongoing reflection on Jobindex's position in the Swedish market.

The strategic review is expected to be complete during Q3 2019.

Last week Jobindex reported net sales for the first quarter of DKK 82.5 million (€11.0 million), an increase of 0.7% compared with the same quarter in the previous year.

Jobbsafari had a turnover of DKK 2.7 million (€0.3 million) in Q1 2019, up from DKK 2.5 million (€0.3 million) in Q1.