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MIPS - Mips AB News Story

SEK384.2 8.4  2.2%

Last Trade - 12:42pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £862.1m
Enterprise Value £844.7m
Revenue £23.0m
Position in Universe 302nd / 1782

BRIEF-Mips Q2 Operating Profit Rises To SEK 36.8 Million

Tue 23rd July, 2019 6:38am
July 23 (Reuters) - Mips AB  MIPS.ST :
    * MIPS INTERIM REPORT JANUARY - JUNE 2019
    * Q2 NET SALES SEK 82.6 MILLION VERSUS SEK 55.6 MILLION YEAR
AGO
    * DURING Q2, COMPANY'S GROWTH CONTINUED WITH A STRONG
INCREASE IN
BOTH SALES AND PROFITABILITY
    * Q2 OPERATING PROFIT INCREASED TO SEK 36.8M (21.7)
    * AS IN PREVIOUS QUARTERS, INCREASE IN REVENUE IS PRIMARILY
RELATED TO OUR GROWING SALES WITH EXISTING CUSTOMERS
    * HAVE COMMENCED WORK OF DEFINING NEW AMBITIONS BEYOND 2020
    * WE ARE GETTING CLOSER TO OUR 2020 TARGETS, ESPECIALLY
SINCE WE
NOW HAVE REACHED AN ADJUSTED EBIT MARGIN DURING A ROLLING
12-MONTH PERIOD THAT EXCEEDS OUR TARGET OF AN EBIT MARGIN ABOVE
40%
    * PRESENT THESE AMBITIONS IN DETAIL AT CAPITAL MARKETS DAY
IN
STOCKHOLM ON 20 SEPTEMBER 2019

Source text for Eikon:  ID:nWkrS6cm 
Further company coverage:  MIPS.ST 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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