Brief: Aspo Q2 Operating Profit Rises To EUR 9.6 Million

Aspo Oyj

11/08/2021 07:32

Aug 11 (Reuters) - Aspo Plc  ASPO.HE :
    * H1 EARNINGS PER SHARE 0.43 EUR
    * REG-ASPO GROUP HALF YEAR FINANCIAL REPORT, JANUARY 1 TO
JUNE 30,
2021
    * Q2 NET SALES INCREASED SIGNIFICANTLY TO EUR 142.9 (115.6)
MILLION.
    * Q2 OPERATING PROFIT IMPROVED STRONGLY TO EUR 9.6 (4.1)
MILLION.
    * ASPO'S OPERATING PROFIT WILL BE APPROXIMATELY EUR 30-36
(19.3)
MILLION IN YEAR 2021.
    * ASPO'S PREVIOUS GUIDANCE FOR 2021, ISSUED ON FEBRUARY 2,
2021 IN
CONJUNCTION WITH FINANCIAL STATEMENTS RELEASE, WAS AS FOLLOWS:
ASPO'S OPERATING PROFIT IN 2021 WILL BE HIGHER THAN IN 2020 (EUR
19.3 MILLION).
    * ASPO HAD A VERY STRONG Q2 IN 2021.
    * EXCELLENT DEVELOPMENT OF PREVIOUS TWO QUARTERS CONTINUED
    * MARKET SITUATION IN INDUSTRY IS GOOD AT MOMENT
    * ASPO TARGETS AN OPERATING PROFIT RATE OF 6%, RETURN ON
EQUITY
(ROE) OF MORE THAN 20% ON AVERAGE AND GEARING OF AT MOST 130%
    * ASPO AIMS TO REACH FINANCIAL TARGETS SET IN 2023

Source text for Eikon:  ID:nGNE5SCXW8 
Further company coverage:  ASPO.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))