Brief: Efecte H2 EBITDA Swings To Loss EUR 1.0 Million

Efecte Oyj

07/03/2019 12:24

March 7 (Reuters) - Efecte Oyj  EFECTE.HE :
    * REG-EFECTE PLC'S FINANCIAL STATEMENTS BULLETIN 2018  - 
SAAS
GREW BY 24% - ORDER INTAKE IN GERMANY EXCEEDED ONE MILLION EURO
    * EFECTE AIMS FOR OVER 20% ANNUAL ORGANIC GROWTH OF SAAS NET
SALES
ON AVERAGE IN 2019 - 2022
    * GUIDANCE: IN 2019 SAAS NET SALES IS EXPECTED TO GROW BY
OVER 20%
AND PROFITABILITY TO IMPROVE FROM COMPARISON PERIOD
    * SAYS UBSTANTIAL INVESTMENTS IN INTERNATIONAL GROWTH AND
PRODUCT
DEVELOPMENT WILL DECREASE OPERATING PROFIT IN NEXT FEW YEARS
    * "OUR MAIN BUSINESS, CLOUD SERVICES, SAAS, GREW STEADILY
WHOLE
YEAR." - CEO
    * LONG-TERM TARGET: COMPANY AIMS FOR A DOUBLE-DIGIT
OPERATING
PROFIT PERCENTAGE BY END OF STRATEGY PERIOD.
    * IN 2019, WE WILL CONTINUE TO IMPLEMENT OUR STRATEGY AIMING
FOR
INTERNATIONAL GROWTH.
    * H2 NET SALES EUR 6.2 MILLION VERSUS EUR 5.6 MILLION YEAR
AGO
    * IN ADDITION TO ACTIONS TARGETING GROWTH, WE WILL IN 2019
CONTINUE ACTIONS TO IMPROVE OUR OPERATIONAL EFFICIENCY
    * EFECTE AIMS FOR OVER 20% ANNUAL ORGANIC GROWTH OF SAAS NET
SALES
ON AVERAGE IN 2019 - 2022.
    * H2 EBITDA LOSS EUR 1.0 MILLION VERSUS PROFIT EUR 0.2
MILLION
YEAR AGO

Source text for Eikon:  ID:nGNE1vj10j 
Further company coverage:  EFECTE.HE 

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