Brief: Innofactor Q3 Operating Result Swings To Profit EUR 0.3 Million

Innofactor Oyj

29/10/2019 07:09

Oct 29 (Reuters) - Innofactor Plc  IFA1V.HE :
    * REG-INNOFACTOR PLC'S INTERIM REPORT FOR JANUARY
1–SEPTEMBER 30,
2019 (IFRS)
    * Q3 NET SALES EUR 14.0 MILLION VERSUS EUR 13.8 MILLION YEAR
AGO
    * NET SALES IN 2019 ARE ESTIMATED TO INCREASE FROM 2018,
    * Q3 OPERATING PROFIT WAS APPROXIMATELY EUR 0.3 MILLION
(2018:
-1.2), WHICH SHOWS AN INCREASE OF EUR 1.4 MILLION
    * 2019 OPERATING MARGIN (EBITDA) IN 2019 IS ESTIMATED TO
GROW TO
EUR 4-6 MILLION
    * NET SALES IN 2019 ARE ESTIMATED TO INCREASE FROM 2018,
DURING
WHICH NET SALES WERE EUR 63.1 MILLION
    * OPERATING MARGIN (EBITDA) IN 2019 IS ESTIMATED TO GROW TO
EUR
4-6 MILLION, WHILE OPERATING MARGIN IN 2018 WAS EUR -1.0 MILLION
    * GROUP'S GOAL IS TO GROW BOTH ORGANICALLY AND THROUGH
ACQUISITIONS (HOWEVER, THESE ARE NOT A PRIORITY IN 2019)
    * IN 2019, INNOFACTOR WILL FOCUS ESPECIALLY ON IMPROVING ITS
PROFITABILITY

Source text for Eikon:  ID:nGNE8YHzxb 
Further company coverage:  IFA1V.HE 

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