Brief: Sitowise Group Q4 Adj EBITA Up At EUR 5.6 Mln

Sitowise Oyj

02/03/2022 06:33

March 2 (Reuters) - Sitowise Group Oyj  SITOWS.HE :
    * FINANCIAL STATEMENTS RELEASE 2021 - A STRONG Q4 DRIVEN BY
ORGANIC GROWTH
    * Q4 NET SALES INCREASED BY 19% TO EUR 50.5 (42.4) MILLION
    * Q4 ADJUSTED EBITA WAS EUR 5.6 (3.9) MILLION
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF EUR 0.10 PER
SHARE
    * SITOWISE GROUP ESTIMATES THAT BOTH NET SALES AND ADJUSTED
EBITA
IN EUROS WILL INCREASE COMPARED TO 2021.
    * LONG-TERM FINANCIAL TARGET: GROWTH: ANNUAL NET SALES
GROWTH OF
OVER 10 PERCENT, INCLUDING ACQUISITIONS
    * LONG-TERM FINANCIAL TARGET: PROFITABILITY: ADJUSTED EBITA
MARGIN
OF AT LEAST 12%
    * DIVIDEND POLICY: SITOWISE TARGETS PAYING A DIVIDEND
CORRESPONDING TO 30-50% OF NET PROFIT

Source text for Eikon:  ID:nWkr2SBrnc 
Further company coverage:  SITOWS.HE 

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