Brief: Efecte Q1 EBITDA Swings To Loss EUR 0.5 Million

Efecte Oyj

02/05/2018 12:08

May 2 (Reuters) - Efecte Oyj  EFECTE.HE :
    * Q1 SALES EUR 2.9 MILLION VERSUS EUR 2.4 MILLION YEAR AGO
    * AIMS FOR OVER 20% ANNUAL ORGANIC GROWTH ON AVERAGE IN
2017-2022.
    * ANNUAL GROWTH IN NET SALES IS EXPECTED TO EXCEED 20% IN
2018
    * Q1 EBITDA LOSS EUR 0.5 MILLION VERSUS EUR 0 MILLION YEAR
AGO
    * ANNUAL GROWTH IN NET SALES IS EXPECTED TO EXCEED 20% IN
2018
    * "DUE TO GROWTH INVESTMENTS, WE EXPECT EBITDA TO BE CLEARLY
NEGATIVE"
    * PROFITABILITY IN FIRST YEAR-HALF IS EXPECTED TO BE LOWER
THAN IN
SECOND YEAR-HALF.
    * AIMS FOR OVER 20% ANNUAL ORGANIC GROWTH ON AVERAGE IN
2017-2022

Source text for Eikon:  ID:nGNE6bx2Tq 
Further company coverage:  EFECTE.HE 

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