Brief: Enento Q3 Operating Profit Down At EUR 8.9 Mln

Enento Oyj

29/10/2021 10:04

Oct 29 (Reuters) - Enento Group Plc  ENENTO.HE :
    * QUARTERLY EARNINGS PER SHARE 0.27 EUR VERSUS 0.28 EUR YEAR
AGO
    * REG-ENENTO GROUP’S INTERIM REPORT 1.1. – 30.9.2021:
QUARTER WITH
MODERATE GROWTH AFTER COVID-19 SPURT
    * Q3 NET SALES AMOUNTED TO EUR 38,6 MILLION (EUR 36,7
MILLION), AN
INCREASE OF 5,2 % (AT COMPARABLE EXCHANGE RATES AN INCREASE OF
4,0%).
    * Q3 ADJUSTED EBITDA EXCLUDING ITEMS AFFECTING COMPARABILITY
WAS
EUR 14,5 MILLION (EUR 14,8 MILLION)
    * Q3 OPERATING PROFIT (EBIT) WAS EUR 8,9 MILLION (EUR 9,2
MILLION)
    * FUTURE OUTLOOK 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.
    * SUPPLY CHAIN PROBLEMS HAVE RESTRICTED GROWTH OUTLOOK
    * ENENTO GROUP EXPECTS ITS ADJUSTED EBITDA MARGIN TO IMPROVE
SOMEWHAT IN 2021 COMPARED TO PREVIOUS YEAR.
    * ENENTO GROUP EXPECTS ITS CAPITALISED PRODUCT DEVELOPMENT
AND
SOFTWARE EXPENSES IN 2021 TO EXCEED PREVIOUS YEAR'S LEVEL.
    * Q3 IN 2021 WAS A QUARTER OF LOW GROWTH FOR ENENTO GROUP

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

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