Brief: Enento Group Q4 Adjusted EBIT Up At EUR 11.9 Mln

Enento Oyj

12/02/2021 10:18

Feb 12 (Reuters) - Enento Group Plc  ENENTO.HE :
    * REG-ENENTO GROUP’S FINANCIAL STATEMENT RELEASE 1.1. –
31.12.2020: A YEAR OF GROWTH IN SPITE OF COVID-19 AS NEW
SERVICES CREATE FUTURE GROWTH POTENTIAL
    * Q4 NET SALES EUR 40.2 MILLION VERSUS EUR 39.2 MILLION YEAR
AGO
    * EXPECTS ITS NET SALES GROWTH IN 2021 TO BE IN LONG-TERM
TARGET
RANGE (5-10%) BUT SOMEWHAT LOWER THAN MID-POINT OF TARGET RANGE
    * ENENTO GROUP EXPECTS ITS ADJUSTED EBITDA MARGIN TO IMPROVE
SOMEWHAT IN 2021 COMPARED TO PREVIOUS YEAR.
    * Q4 ADJUSTED EBIT EUR 11.9 MILLION VERSUS EUR 11.6 MILLION
YEAR
AGO
    * EXPECTS ITS CAPITALISED PRODUCT DEVELOPMENT AND SOFTWARE
EXPENSES IN 2021 TO EXCEED PREVIOUS YEAR'S LEVEL.

Source text for Eikon:  ID:nGNE2qzXPJ 
Further company coverage:  ENENTO.HE 

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