Brief: Readly International Q4 Operating Loss Widens To SEK 50.3 Mln

Readly International AB (publ)

03/02/2022 07:21

Feb 3 (Reuters) - Readly International AB (publ)  READ.ST :
    * STABLE GROWTH, IMPROVED RESULTS AND UPDATED FINANCIAL
TARGETS
    * Q4 REVENUE FOR PERIOD TOTALED SEK 134.8 MILLION (98.6), AN
INCREASE OF 36.6 PER CENT COMPARED WITH Q4 OF 2020.
    * Q4 OPERATING RESULT WAS SEK -50.3 MILLION (-41.4)
    * BOARD OF DIRECTORS OF READLY HAS SET NEW FINANCIAL
TARGETS.
    * NEW FINANCIAL TARGETS.: FROM ANNUAL ORGANIC GROWTH OF
30-35 PER
CENT TO AVERAGE ANNUAL GROWTH OF NOT LESS THAN 25 PER CENT OVER
NEXT THREE YEARS (CAGR), INCLUDING ACQUIRED GROWTH.
    * NEW FINANCIAL TARGETS.: OBJECTIVES TO ACHIEVE A LONG-TERM
GROSS
MARGIN OF 35 PER CENT AND TO BE PROFITABLE AT EBITDA LEVEL BY
2025 AT LATEST REMAINS.

Source text for Eikon:  ID:nWkr1fHVCj 
Further company coverage:  READ.ST 

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