Brief: Asiakastieto Group Q2 Adjusted EBITDA Up At EUR 12.2 Million

Enento Oyj

08/08/2019 10:06

Aug 8 (Reuters) - Asiakastieto Group Plc  ATG1V.HE :
    * REG-ASIAKASTIETO GROUP’S HALF YEAR REPORT 1.1. –
30.6.2019: 
CONTINUED NORDIC GROWTH
    * Q2 NET SALES EUR 35.6 MILLION VERSUS EUR 15.7 MILLION YEAR
AGO
    * APRIL-JUNE ADJUSTED EBITDA EXCLUDING ITEMS AFFECTING
COMPARABILITY WAS EUR 12,2 MILLION (EUR 6,6 MILLION), AN
INCREASE OF 84,8 %.
    * APRIL-JUNE OPERATING PROFIT (EBIT) WAS EUR 5,0 MILLION
(EUR 1,0
MILLION)
    * EXPECTS ITS ADJUSTED EBITDA, EXCLUDING EFFECT OF IFRS 16
TRANSITION, TO GROW IN 2019 AT A PERCENTAGE RATE THAT EXCEEDS
RATE OF NET SALES GROWTH COMPARED TO PREVIOUS YEAR'S PRO FORMA
ADJUSTED EBITDA.
    * ASIAKASTIETO GROUP EXPECTS ITS CAPITALISED PRODUCT
DEVELOPMENT
AND SOFTWARE EXPENSES IN 2019 TO EXCEED PREVIOUS YEAR'S LEVEL ON
A PRO FORMA BASIS.
    * EXPECTS ITS NET SALES GROWTH IN 2019 TO BE IN MIDDLE OF
RANGE OF
ITS LONG-TERM TARGET (5-10 %) COMPARED TO PREVIOUS YEAR'S PRO
FORMA NET SALES

Source text for Eikon:  ID:nGNE5mC9TN 
Further company coverage:  ATG1V.HE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))