Brief: Efecte Updates Guidance For 2021

Efecte Oyj

13/07/2021 07:05

July 13 (Reuters) - Efecte Oyj  EFECTE.HE :
    * REG-POSITIVE PROFIT WARNING: EFECTE PLC UPDATES GUIDANCE
FOR
2021 AND ANNOUNCES PRELIMINARY INFORMATION ON SAAS NET SALES
GROWTH AND EBITDA MARGIN
    * WE EXPECT SAAS NET SALES TO GROW 21-24% DURING 2021 AND
EBITDA
MARGIN TO BE 1-6%, INSTEAD OF 20-24% SAAS NET SALES GROWTH AND
EBITDA MARGIN OF 1-4% AS PER PREVIOUS GUIDANCE.
    * NARROWING OF SAAS RANGE SIMPLY REFLECTS CLEARER LINE OF
SIGHT ON
FULL YEAR FORECAST THAT WE HAVE AFTER FIRST HALF
    * BROADENING OF EBITDA MARGIN RANGE IS BASED ON A
COMBINATION OF
GOOD FIRST HALF PROFITABILITY AND UNCERTAINTY AROUND TIMING OF
PLANNED GROWTH INVESTMENTS IN SECOND HALF.
    * PRELIMINARY INFORMATION, WE ESTIMATE THAT SAAS NET SALES
INCREASED BY APPROXIMATELY 23% OVER PERIOD 4-6/2021
    * EBITDA MARGIN IS ESTIMATED TO HAVE BEEN 6% OVER PERIOD
4-6/2021
AND 5% OVER PERIOD 1-6/2021

Source text for Eikon:  ID:nGNE48J2Tj 
Further company coverage:  EFECTE.HE 

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