Brief: Enento Q2 Adj. EBITDA Excl. Items Affecting Comparability Up At EUR 12.5 Mln

Enento Oyj

06/08/2020 09:04

Aug 6 (Reuters) - Enento Group Plc  ENENTO.HE :
    * REG-ENENTO GROUP’S HALF YEAR FINANCIAL REPORT 1.1. –
30.6.2020:
ASIAKASTIETO’S NEW BRAND STRENGTHENS ITS NORDIC OFFERING – THE
BUSINESS PROVED ITS RESILIENCE IN CHALLENGING MARKET ENVIRONMENT
    * EXPECTS ITS NET SALES TO GROW IN FULL YEAR 2020, GROWTH
RATE
HOWEVER REMAINING BELOW LONG-TERM TARGET RANGE OF 5-10 %.
    * Q2 NET SALES AMOUNTED TO EUR 36,7 MILLION (EUR 35,6
MILLION), AN
INCREASE OF 3,3 % (AT COMPARABLE EXCHANGE RATES AN INCREASE OF
3,4 %)
    * EXPECTS ITS ADJUSTED EBITDA MARGIN IN FULL YEAR 2020 TO
REMAIN
AT PREVIOUS YEAR'S LEVEL.
    * Q2 ADJUSTED EBITDA EXCLUDING ITEMS AFFECTING COMPARABILITY
WAS
EUR 12,5 MILLION (EUR 12,2 MILLION)
    * EXPECTS ITS CAPITALISED PRODUCT DEVELOPMENT AND SOFTWARE
EXPENSES IN FULL YEAR 2020 TO BE AT PREVIOUS YEAR'S LEVEL.

Source text for Eikon:  ID:nGNE9yNx8j 
Further company coverage:  ENENTO.HE 

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