Brief: Enento Group Q2 EBIT Up At EUR 10.1 Mln

Enento Oyj

21/07/2021 10:05

July 21 (Reuters) - Enento Group Plc  ENENTO.HE :
    * Q2 EARNINGS PER SHARE 0.32 EUR VERSUS 0.15 EUR YEAR AGO
    * REG-ENENTO GROUP’S HALF YEAR FINANCIAL REPORT 1.1. –
30.6.2021:
STRONG SECOND QUARTER SUPPORTING ENENTO’S GROWTH
    * Q2 NET SALES AMOUNTED TO EUR 42,1 MILLION (EUR 36,7
MILLION), AN
INCREASE OF 14,7 % (AT COMPARABLE EXCHANGE RATES AN INCREASE OF
11,4 %).
    * NET SALES: ENENTO GROUP EXPECTS ITS NET SALES GROWTH IN
2021 TO
BE IN LONG-TERM TARGET RANGE (5-10%), EXCEEDING MID-POINT OF
THAT RANGE.
    * Q2 OPERATING PROFIT (EBIT) WAS EUR 10,1 MILLION (EUR 5,4
MILLION)
    * EBITDA: ENENTO GROUP EXPECTS ITS ADJUSTED EBITDA MARGIN TO
IMPROVE SOMEWHAT IN 2021 COMPARED TO PREVIOUS YEAR
    * CAPITAL EXPENDITURE: ENENTO GROUP EXPECTS ITS CAPITALISED
PRODUCT DEVELOPMENT AND SOFTWARE EXPENSES IN 2021 TO EXCEED
PREVIOUS YEAR'S LEVEL.
    * OUTLOOK ASSUMES THAT EXCHANGE RATES REMAIN APPROXIMATELY
ON SAME
LEVEL AS IN FIRST HALF OF 2021.

Source text for Eikon:  ID:nGNEb8kJKs 
Further company coverage:  ENENTO.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))