Brief: Harvia Q4 Adjusted Operating Profit Up At EUR 4.2 Mln

Harvia Oyj

11/02/2020 07:13

Feb 11 (Reuters) - Harvia Oyj  HARVIA.HE :
    * REG-HARVIA’S FINANCIAL STATEMENTS BULLETIN 2019: STRONG
AND
PROFITABLE GROWTH CONTINUED
    * Q4 REVENUE EUR 20.7 MILLION VERSUS EUR 16.2 MILLION YEAR
AGO
    * Q4 ADJUSTED OPERATING PROFIT EUR 4.2 MILLION VERSUS EUR
2.9
MILLION YEAR AGO
    * DIVIDEND PROPOSAL EUR 0.38 PER SHARE, TO BE PAID IN TWO
INSTALMENTS
    * TARGETS A REGULARLY INCREASING DIVIDEND WITH A BI-ANNUAL
DIVIDEND PAYOUT OF AT LEAST 60 PERCENT OF NET INCOME, IN TOTAL.
    * HAS SET LONG-TERM TARGETS RELATED TO GROWTH, PROFITABILITY
AND
LEVERAGE
    * TARGETS AN AVERAGE ANNUAL REVENUE GROWTH OF MORE THAN 5%,
    * TARGETS  ADJUSTED OPERATING PROFIT MARGIN OF 20%
    * TARGETS NET DEBT/ADJUSTED EBITDA BETWEEN 1.5X−2.5X

Source text for Eikon:  ID:nGNE3N3j7y 
Further company coverage:  HARVIA.HE 

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