Brief: Enento Q1 Operating Profit Falls To EUR 6.1 Million

Enento Oyj

28/04/2022 11:14

April 28 (Reuters) - Enento Group Plc  ENENTO.HE :
    * QUARTERLY EARNINGS PER SHARE 0.18 EUR VERSUS 0.27 EUR YEAR
AGO
    * Q1 NET SALES AMOUNTED TO EUR 40,7 MILLION (EUR 39,7
MILLION)
    * Q1 ADJUSTED EBITDA EXCLUDING ITEMS AFFECTING COMPARABILITY
WAS
EUR 13,5 MILLION (EUR 13,9 MILLION)
    * Q1 OPERATING PROFIT (EBIT) EUR 6,1 MILLION VERSUS EUR 8,5
MILLION
    * VOLATILITY OF SWEDISH KRONA CAN CAUSE UNCERTAINTY IN
RELATION TO
GROWTH OUTLOOK AND MAY IMPACT NET SALES GROWTH WITH REPORTED
EXCHANGE RATES IN 2022
    * INCREASED MARKET DEMAND FOR ENENTO GROUP'S SERVICES IS
EXPECTED
TO CONTINUE
    * REVISED GUIDANCE FOR NET SALES: 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 %)
    * REVISED GUIDANCE FOR EBITDA: ENENTO GROUP EXPECTS ITS
ADJUSTED
EBITDA MARGIN AT COMPARABLE EXCHANGE RATES TO IMPROVE SOMEWHAT
IN 2022 COMPARED TO PREVIOUS YEAR

Source text for Eikon:  ID:nGNE2qnDGx 
Further company coverage:  ENENTO.HE 

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