Brief: Inderes Sees Swedish Business To Weigh On Profitability

Inderes Oyj

14/12/2021 07:15

Dec 14 (Reuters) - Inderes Oyj  INDERES.HE :
    * UPDATES ON INVESTMENT STRATEGY
    * TO CARRY OUT MARKET STUDY TO EXPAND ITS SERVICE OFFERING
IN
SWEDISH MARKET
    * IN FINLAND, GOAL IS TO CONTINUE CONTROLLED PROFITABLE
GROWTH,
WHILE SWEDISH BUSINESS IS EXPECTED TO HAVE DETRIMENTAL EFFECT ON
GROUP'S PROFITABILITY NEXT YEAR
    * STUDIO INVESTMENTS ARE CAPITALIZED IN BALANCE SHEET AND
OTHER
INVESTMENTS ARE RECOGNIZED DIRECTLY IN PROFIT OR LOSS AS
EXPENSES
    * MORE THAN EUR 1 MILLION OF INVESTMENTS WILL BE ALLOCATED
TO THE
SWEDISH MARKET
    * LONG-TERM GOAL IS TO MAINTAIN COMBINED REVENUE GROWTH RATE
AND
PROFITABILITY (EBITA-%) OF 30-50% REGARDLESS OF MARKET CYCLE

Source text for Eikon:  ID:nMFN7PFS7K 
Further company coverage:  INDERES.HE 

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