Brief: Efecte Q3 Jan-Sept EBITDA Loss Narrows EUR 0.8 Mln

Efecte Oyj

30/10/2019 12:05

Oct 30 (Reuters) - Efecte Oyj  EFECTE.HE :
    * REG-EFECTE PLC'S BUSINESS REVIEW ON 1-9/2019 - SAAS GREW BY 24%
    * JAN-SEPT TOTAL NET SALES GREW BY 15 % TO 10,2 (8,8) MILLION EURO
    * JAN-SEPT EBITDA WAS -0,8 (-1,3) MILLION EURO
    * EFECTE AIMS FOR OVER 20% ANNUAL ORGANIC GROWTH OF SAAS NET SALES ON AVERAGE IN 2019 - 2022
    * IN 2019 SAAS NET SALES IS EXPECTED TO GROW BY OVER 20% AND PROFITABILITY TO IMPROVE FROM
COMPARISON PERIOD
    * SUBSTANTIAL INVESTMENTS IN INTERNATIONAL GROWTH AND PRODUCT DEVELOPMENT WILL DECREASE
OPERATING
PROFIT IN NEXT FEW YEARS
    * AIMS FOR A DOUBLE-DIGIT OPERATING PROFIT PERCENTAGE BY END OF STRATEGY PERIOD

Source text for Eikon:  ID:nGNE3DsFfB 
Further company coverage:  EFECTE.HE 

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