Brief: Sievi Q3 Operating Profit Falls To EUR 5.2 Million

KH Oyj

29/10/2021 06:11

Oct 29 (Reuters) - Sievi Capital Oyj  SIEVI.HE :
    * REG-SIEVI CAPITAL PLC’S BUSINESS REVIEW FOR
JANUARY–SEPTEMBER
2021
    * Q3 OPERATING PROFIT WAS EUR 5.2 (8.2) MILLION
    * Q3 NET PROFIT FOR PERIOD WAS EUR 4.1 (7.0) MILLION
    * ALONGSIDE COMBINATION PREPARATIONS, WE HAVE CONTINUED
ACTIVE
DEVELOPMENT OF OUR TARGET COMPANIES AND PROMOTION OF NEW
INVESTMENTS
    * WILL CONTINUE TO EXPLORE NEW INVESTMENT OPPORTUNITIES IN
LINE
WITH ITS STRATEGY
    * PLANS TO MAKE AN AVERAGE OF 1-2 NEW INVESTMENTS PER YEAR
BUT
NUMBER OF INVESTMENTS MADE MAY VARY FROM YEAR TO YEAR
    * DOES NOT PROVIDE AN ESTIMATE OF RESULT DEVELOPMENT IN 2021
    * FINANCIAL TARGET IS A RETURN ON EQUITY OF AT LEAST 13%,
ACHIEVEMENT OF WHICH COMPANY CONSIDERS TO BE REALISTIC IN LONG
TERM

Source text for Eikon:  ID:nGNEbp0Ckn 
Further company coverage:  SIEVI.HE 

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