Brief: Efecte Gives Positive Profit Warning

Efecte Oyj

11/08/2020 11:25

Aug 11 (Reuters) - Efecte Oyj  EFECTE.HE :
    * REG-POSITIVE PROFIT WARNING: EFECTE PLC UPDATES ITS GUIDANCE FOR 2020 AND ANNOUNCES
PRELIMINARY
INFORMATION ON SAAS NET SALES GROWTH
    * EFECTE EXPECTS SAAS NET SALES TO GROW 20-25% DURING 2020, INSTEAD OF 15-25% AS PER
PREVIOUS
GUIDANCE.
    * SAAS DEMAND HAS REMAINED HEALTHY AND COMPANY HAS THROUGH ACTIVE SALES AND ACCOUNT
MANAGEMENT
EFFORTS BEEN ABLE TO REDUCE UNCERTAINTIES RELATED TO PANDEMIC CAUSED BY COVID-19.
    * BASED ON PRELIMINARY INFORMATION, EFECTE ESTIMATES THAT COMPANY'S SAAS NET SALES INCREASED
BY
APPROXIMATELY 22% OVER PERIOD 1-6/2020
    * IN 2020, SAAS NET SALES IS EXPECTED TO GROW BETWEEN 20-25% AND PROFITABILITY TO IMPROVE
FROM
COMPARISON PERIOD.

Source text for Eikon:  ID:nGNE4TwC3v 
Further company coverage:  EFECTE.HE 

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