Brief: Efecte Q1 EBITDA Loss Narrows To EUR 0.4 Million

Efecte Oyj

08/05/2019 11:18

May 8 (Reuters) - Efecte Oyj  EFECTE.HE :
    * REG-EFECTE PLC'S BUSINESS REVIEW ON 1-3/2019 - SAAS GREW
BY 25%
    * Q1 NET SALES EUR 3.5 MILLION VERSUS EUR 2.9 MILLION YEAR
AGO
    * SAYS GROWTH IN SWEDEN DID NOT MATCH OUR EXPECTATIONS.
    * SAYS BUSINESS IN FINLAND DEVELOPED STEADILY
    * SAYS NET SALES IN GERMANY GREW SIGNIFICANTLY, AS REVENUE
IMPACT
FROM NEW ORDERS IN LATE 2018 STARTED TO MATERIALIZE
    * AIMS FOR OVER 20% ANNUAL ORGANIC GROWTH OF SAAS NET SALES
ON
AVERAGE IN 2019 - 2022
    * Q1 EBITDA LOSS EUR MILLION 0.4 MILLION  VERSUS LOSS EUR
0.5
MILLION YEAR AGO
    * IN 2019 SAAS NET SALES IS EXPECTED TO GROW BY OVER 20% AND
PROFITABILITY TO IMPROVE FROM COMPARISON PERIOD
    * AIMS FOR A DOUBLE-DIGIT OPERATING PROFIT PERCENTAGE BY END
OF
STRATEGY PERIOD

Source text for Eikon:  ID:nGNE2csDLH 
Further company coverage:  EFECTE.HE 

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