Brief: Harvia Q2 Adjusted Operarting Profit Rises To EUR 2.8 Mln

Harvia Oyj

16/08/2019 07:03

Aug 16 (Reuters) - Harvia Oyj  HARVIA.HE :
    * REG-HARVIA’S HALF-YEAR FINANCIAL REVIEW 1 JANUARY – 30
JUNE 2019
    * Q2 REVENUE EUR 17.0 MILLION VERSUS EUR 15.3 MILLION YEAR
AGO
    * Q2 ADJUSTED OPERARTING PROFIT EUR 2.8 MILLION VERSUS EUR
2.4
MILLION YEAR AGO
    * DOES NOT PUBLISH ITS SHORT-TERM OUTLOOK
    * COMPANY HAS SET LONG-TERM TARGETS RELATED TO GROWTH,
PROFITABILITY AND LEVERAGE
    * TARGETS AN AVERAGE ANNUAL REVENUE GROWTH OF MORE THAN 5%,
ADJUSTED OPERATING PROFIT MARGIN OF 20% AND A NET DEBT/ADJUSTED
EBITDA BETWEEN 1.5X−2.5X
    * TARGETS A REGULARLY INCREASING DIVIDEND WITH A BI-ANNUAL
DIVIDEND PAYOUT OF AT LEAST 60 PERCENT OF NET INCOME, IN TOTAL

Source text for Eikon:  ID:nGNE2myS0G 
Further company coverage:  HARVIA.HE 

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