Brief: Sitowise Q1 Adjusted EBITA Down At EUR 4.7 Mln

Sitowise Oyj

19/05/2021 06:35

May 19 (Reuters) - Sitowise Group Oyj  SITOWS.HE :
    * MARCH 2021: GROWTH CONTINUES, ORDER BOOK AT A RECORD LEVEL
    * MARCH 2021: GROWTH CONTINUES, ORDER BOOK AT A RECORD LEVEL
    * Q1 ORDER BOOK INCREASED BY 12 PERCENT AND AMOUNTED TO EUR
133
(119) MILLION
    * Q1 NET SALES INCREASED BY 7 PERCENT TO EUR 42.8 (40.0)
MILLION
    * Q1 ADJUSTED EBITA WAS EUR 4.7 (5.2) MILLION, OR 11.0
(12.9)
PERCENT OF NET SALES
    * SITOWISE GROUP HAS NOT PUBLISHED FINANCIAL TARGETS FOR
2021
    * LONG TERM TARGET: DIVIDEND POLICY: TARGETS PAYING A
DIVIDEND
CORRESPONDING TO 30-50 PERCENT OF NET PROFIT
    * LONG-TERM FINANCIAL TARGETS: * GROWTH: ANNUAL NET SALES
GROWTH
OF OVER 10 PERCENT, INCLUDING ACQUISITIONS;
    * LONG TERM PROFITABILITY TARGET: ADJUSTED EBITA MARGIN OF
AT
LEAST 12 PERCENT
    * LONG TERM TARGET: LEVERAGE: NET DEBT / ADJUSTED EBITDA
SHOULD
NOT EXCEED 2.5X, EXCEPT TEMPORARILY IN CONJUNCTION WITH
ACQUISITIONS

Source text for Eikon:  ID:nWkrb858Xt 
Further company coverage:  SITOWS.HE 

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