Brief: Orthex Q2 Adjusted EBITA Falls To EUR 2.6 Mln

Orthex Oyj

25/08/2021 07:06

Aug 25 (Reuters) - Orthex Oyj  ORTHEX.HE :
    * APRIL-JUNE INVOICED SALES INCREASED BY 22.7% AND TOTALLED
EUR
22.5 MILLION (18.4)
    * APRIL-JUNE NET SALES INCREASED BY 25.5% TO EUR 22.2
MILLION
(17.7)
    * APRIL-JUNE ADJUSTED EBITA WAS EUR 2.6 MILLION (3.2)
    * APRIL-JUNE OPERATING PROFIT WAS EUR 2.4 MILLION (2.9)
    * APRIL-JUNE ADJUSTED EBITA MARGIN WAS 11.9% (17.9)
    * RAW MATERIAL PRICES HAVE RISEN TO EXCEPTIONALLY HIGH
LEVELS
    * AS LONG-TERM FINANCIAL TARGETS COMPANY HAS ADOPTED TO AN
AVERAGE
ANNUAL ORGANIC NET SALES GROWTH TO EXCEED 5 PER CENT AT GROUP
LEVEL AND TO EXCEED 10 PER CENT OUTSIDE NORDICS
    * COMPANY AIMS TO DISTRIBUTE A STABLE AND OVER TIME
INCREASING
DIVIDEND WITH A PAY-OUT OF AT LEAST 50 PER CENT OF NET PROFIT,
IN TOTAL, ON A BIANNUAL BASIS

Source text for Eikon:  ID:nWkr8qqGwk 
Further company coverage:  ORTHEX.HE 

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