Brief: Enento Group Q3 Adjusted EBITDA Up At EUR 16.2 Million

Enento Oyj

28/10/2022 09:36

Oct 28 (Reuters) - Enento Group Plc  ENENTO.HE :
    * ENENTO GROUP’S INTERIM FINANCIAL REPORT 1.1. – 30.9.2022:
QUARTER OF GOOD GROWTH AND IMPROVED PROFITABILITY
    * Q3 NET SALES EUR 40.5 MILLION VERSUS EUR 38.6 MILLION YEAR
AGO
    * Q3 ADJUSTED EBITDA EXCLUDING ITEMS AFFECTING COMPARABILITY
WAS
EUR 16,2 MILLION (EUR 14,5 MILLION)
    * ENENTO GROUP EXPECTS ITS NET SALES GROWTH IN 2022 AT
COMPARABLE
EXCHANGE RATES TO BE AROUND LOWER END OF LONG-TERM TARGET RANGE
(5-10 %)
    * Q3 EBIT EUR 10,5 MILLION VERSUS EUR 8.9 MILLION YEAR AGO
    * ENENTO GROUP EXPECTS ITS ADJUSTED EBITDA MARGIN AT
COMPARABLE
EXCHANGE RATES TO IMPROVE SOMEWHAT IN 2022 COMPARED TO PREVIOUS
YEAR
    * GENERAL MACROECONOMIC RISKS ARE INCREASING DUE TO WAR IN
UKRAINE
AS WELL AS CONTINUED UNCERTAINTY FROM PANDEMIC
    * INCREASED MARKET DEMAND FOR ENENTO GROUP'S SERVICES IS
EXPECTED
TO CONTINUE

Source text for Eikon:  ID:nGNEvlpGR 
Further company coverage:  ENENTO.HE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))