Brief: Harvia Q4 Adjusted Operating Profit Rises To EUR 8.8 Million

Harvia Oyj

11/02/2021 07:09

Feb 11 (Reuters) - Harvia Oyj  HARVIA.HE :
    * REG-HARVIA’S FINANCIAL STATEMENTS BULLETIN 2020:
SIGNIFICANT
GROWTH OF REVENUE AND PROFITABILITY CONTINUED, DRIVEN BY
EXCEPTIONAL DEMAND
    * Q4 REVENUE EUR 35.2 MILLION VERSUS EUR 20.7 MILLION YEAR
AGO
    * Q4 ADJUSTED. OPERATING PROFIT EUR 8.8 MILLION VERSUS EUR
4.2
MILLION YEAR AGO
    * DIVIDEND PROPOSAL IS EUR 0.39 PER SHARE, TO BE PAID IN TWO
INSTALMENTS.
    * DOES NOT PUBLISH ITS SHORT-TERM OUTLOOK
    * TARGETS AN AVERAGE ANNUAL REVENUE GROWTH OF MORE THAN 5%,
ADJUSTED OPERATING PROFIT MARGIN OF 20%
    * TARGETS  NET DEBT/ADJUSTED EBITDA BETWEEN 1.5X−2.5X IN
LONG
TERM.
    * TARGETS A REGULARLY INCREASING DIVIDEND WITH A BI-ANNUAL
DIVIDEND PAYOUT OF AT LEAST 60 PERCENT OF GROUP NET INCOME

Source text for Eikon:  ID:nGNE48TsjL 
Further company coverage:  HARVIA.HE 

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