Brief: Asiakastieto Q1 EBIT Up At EUR 6.7 Million

Enento Oyj

10/05/2019 09:07

May 10 (Reuters) - Asiakastieto Group Plc  ATG1V.HE :
    * REG-ASIAKASTIETO GROUP'S INTERIM REPORT 1.1. - 31.3.2019: 
INTEGRATION CONTINUES IN LINE WITH TARGETS
    * Q1 NET SALES EUR 34.5 MILLION VERSUS EUR 15.1 MILLION YEAR
AGO
    * 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
    * EXPECTS ITS CAPITALISED PRODUCT DEVELOPMENT AND SOFTWARE
EXPENSES IN 2019 TO EXCEED PREVIOUS YEAR'S LEVEL ON A PRO FORMA
BASIS
    * SEES NET SALES GROWTH IN 2019 TO BE IN MIDDLE OF RANGE OF
ITS
LONG-TERM TARGET (5-10 %)
    * YEAR 2019 HAS STARTED OFF WITH POSITIVE EXPECTATIONS - CEO
    * Q1 OPERATING PROFIT (EBIT) WAS EUR 6,7 MILLION (EUR 4,2
MILLION)
    * SEES NET SALES GROWTH IN 2019 TO BE SLIGHTLY BELOW IT
COMPARED
TO PREVIOUS YEAR'S PRO FORMA NET SALES
    * IN Q1 OF FINANCIAL YEAR 2019, ASIAKASTIETO GROUP GREW IN
ACCORDANCE WITH OUR EXPECTATIONS - CEO

Source text for Eikon:  ID:nGNErj12M 
Further company coverage:  ATG1V.HE 

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