Brief: Asiakastieto Q4 EBIT Rises To EUR 7.1 Million

Enento Oyj

15/02/2019 09:20

Feb 15 (Reuters) - Asiakastieto Group Plc  ATG1V.HE :
    * REG-ASIAKASTIETO GROUP'S FINANCIAL STATEMENT RELEASE 2018:
BECOMING THE LEADING DIGITAL INFORMATION SERVICE COMPANY IN THE
NORDIC REGION
    * Q4 NET SALES EUR 35.9 MILLION VERSUS EUR 14.6 MILLION YEAR
AGO
    * PROPOSES DIVIDEND OF EUR 0.95 PER SHARE
    * Q4  OPERATING PROFIT (EBIT) WAS EUR 7,1 MILLION (EUR 4,7
MILLION).
    * EXPECTS CAPITALISED PRODUCT DEVELOPMENT AND SOFTWARE
EXPENSES IN
2019 TO EXCEED 2018 LEVEL ON A PRO FORMA BASIS.
    * ASIAKASTIETO - SEES NET SALES GROWTH IN 2019 TO BE IN
MIDDLE OF
RANGE OF ITS LONG-TERM TARGET (5-10 %) OR SLIGHTLY BELOW IT
COMPARED TO PREVIOUS YEAR'S PRO FORMA NET SALES
    * ASIAKASTIETO GROUP - EXPECTS ITS ADJUSTED EBITDA,
EXCLUDING
EFFECT OF IFRS 16 TRANSITION, TO GROW IN 2019 AT PERCENT RATE
THAT EXCEEDS RATE OF NET SALES GROWTH COMPARED TO PREVIOUS
YEAR'S PRO FORMA ADJUSTED EBITDA

Source text for Eikon:  ID:nGNE1tbbHW 
Further company coverage:  ATG1V.HE 

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