Brief: Innofactor Q1 EBIT Profit At EUR 0.8 Million

Innofactor Oyj

05/05/2020 07:11

May 5 (Reuters) - Innofactor Plc  IFA1V.HE :
    * REG-INNOFACTOR PLC'S INTERIM REPORT FOR JANUARY 1–MARCH
31, 2020
(IFRS)
    * Q1 NET SALES EUR 17.2 MILLION VERSUS EUR 16.1 MILLION YEAR
AGO
    * Q1 EBIT PROFIT EUR 0.8 MILLION VERSUS LOSS EUR 90,000 YEAR
AGO
    * INNOFACTOR'S NET SALES AND OPERATING MARGIN (EBITDA) IN
2020 ARE
ESTIMATED TO INCREASE FROM 2019
    * CORONAVIRUS EPIDEMIC HAS NOT SO FAR HAD A SIGNIFICANT
EFFECT ON
INNOFACTOR'S ABILITY TO PROVIDE SERVICES FOR ITS CUSTOMERS
    * OUR ESTIMATE IS THAT CORONAVIRUS EPIDEMIC WILL HAVE A
MINOR
EFFECT ON NET SALES AND PROFITABILITY OF REST OF YEAR
    * WE ESTIMATE THAT WE PROBABLY WILL NOT ACHIEVE COMPARABLE
GROWTH
AND PROFITABILITY IN Q2 AS WE DID IN Q1
    * GROWTH AND PROFITABILITY IN THIRD AND FOURTH QUARTERS WILL
DEPEND GREATLY ON SCHEDULE IN WHICH RESTRICTIONS DUE TO
CORONAVIRUS WILL BE REMOVED IN NORDIC COUNTRIES

Source text for Eikon:  ID:nGNE9yl5Rq 
Further company coverage:  IFA1V.HE 

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