Brief: Asiakastieto Group Q4 Adjusted EBIT Up At EUR 11.6 Million

Enento Oyj

11/02/2020 09:03

Feb 11 (Reuters) - Asiakastieto Group Plc  ATG1V.HE :
    * REG-ASIAKASTIETO GROUP’S FINANCIAL STATEMENT RELEASE 1.1.
–
31.12.2019: NET SALES GREW AS EXPECTED
    * Q4 NET SALES EUR 39.2 MILLION VERSUS EUR 35.9 MILLION YEAR
AGO
    * NET SALES: ASIAKASTIETO GROUP EXPECTS ITS NET SALES GROWTH
IN
2020 TO BE CLOSE TO UPPER LIMIT OF ITS LONG-TERM TARGET RANGE
(5-10 %), WEIGHTED TO FIRST HALF OF YEAR.
    * Q4 ADJUSTED. EBIT EUR 11.6 MILLION VERSUS EUR 10.9 MILLION
YEAR
AGO
    * EBITDA: ASIAKASTIETO GROUP EXPECTS ITS ADJUSTED EBITDA
MARGIN TO
GROW SOMEWHAT IN 2020 IN COMPARISON TO PREVIOUS YEAR.
    * EXPECTS ITS CAPITALISED PRODUCT DEVELOPMENT AND SOFTWARE
EXPENSES IN 2020 TO EXCEED PREVIOUS YEAR'S LEVEL.

Source text for Eikon:  ID:nGNE2DrMXl 
Further company coverage:  ATG1V.HE 

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