Brief: Q2 2020 Probi Raises Long-Term Financial Targets

Probi AB

17/07/2020 07:20

July 17 (Reuters) - Probi AB  PROB.ST :
    * Q2 2020: PROBI RAISES LONG-TERM FINANCIAL TARGETS
    * PROBI - HAS DECIDED ON NEW FINANCIAL TARGETS AND DIVIDEND POLICY
    * PROBI - EFFECTS ON PROBI FROM COVID-19 HAVE, OVERALL, BEEN LIMITED IN TERMS OF BOTH
REVENUE AND
COSTS
    * PROBI - UNDERLYING DEMAND FOR PROBIOTICS HAS INCREASED IN US OVER PERIOD
    * PROBI - WE HAVE SEEN AN INCREASE IN DEMAND FROM CUSTOMERS WITH A SIGNIFICANT PRESENCE IN
E-COMMERCE SECTOR, ESPECIALLY IN US
    * PROBI - WE ARE RAISING OUR AMBITIONS FOR GROWTH, BOTH ORGANICALLY AND THROUGH ACQUISITIONS
    * PROBI - WE WILL NOT LOSE FOCUS ON PROFITABILITY AND WILL ALSO INCREASE OUR EBITDA TARGET

Source text for Eikon:  ID:nWkr5l2nDM 
Further company coverage:  PROB.ST 

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