Brief: Innofactor Q2 Operating Result Swings To Profit Of EUR 153,000

Innofactor Oyj

23/07/2019 07:15

July 23 (Reuters) - Innofactor Plc  IFA1V.HE :
    * Q2 NET SALES EUR 16.7 MILLION VERSUS EUR 17.0 MILLION YEAR
AGO
    * CORRECTIVE ACTIONS ARE HAVING PLANNED EFFECT - CEO
    * Q2 OPERATING PROFIT EUR 153,000 VERSUS LOSS EUR 630,000
YEAR AGO
    * OUR GOAL IS TO TURN NET SALES IN COUNTRIES INTO GROWTH IN
LAST
QUARTER OF 2019 AT LATEST
    * NET SALES IN 2019 ARE ESTIMATED TO INCREASE FROM 2018
    * OPERATING MARGIN (EBITDA) IN 2019 IS ESTIMATED TO GROW TO
EUR
4-6 MILLION
    * INNOFACTOR'S VISION IS TO BE LEADING IMPLEMENTER OF
DIGITALIZATION IN EACH OF NORDIC COUNTRIES
    * INNOFACTOR IS STILL ACTIVELY LOOKING FOR NEW STRATEGIC
PARTNERSHIPS IN NORDIC COUNTRIES
    * GROUP'S GOAL IS TO GROW BOTH ORGANICALLY AND THROUGH
ACQUISITIONS (HOWEVER, THESE ARE NOT A PRIORITY IN 2019)

Source text for Eikon:  ID:nGNEcgTZz4 
Further company coverage:  IFA1V.HE 

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