Brief: Sitowise Q2 Adjusted EBITA Falls To EUR 5.9 Million

Sitowise Oyj

25/08/2021 06:32

Aug 25 (Reuters) - Sitowise Group Oyj  SITOWS.HE :
    * SITOWISE'S HALF-YEAR REPORT JANUARY - JUNE 2021: STRONG
PROFITABILITY, RECORD HIGH ORDER BOOK
    * SITOWISE'S HALF-YEAR REPORT JANUARY - JUNE 2021: STRONG
PROFITABILITY, RECORD HIGH ORDER BOOK
    * Q2 ORDER BOOK INCREASED BY 20 PERCENT AND AMOUNTED TO EUR
140
(117) MILLION
    * Q2 NET SALES INCREASED BY 8 PERCENT TO EUR 46.5 (43.2)
MILLION
    * Q2 ADJUSTED EBITA WAS EUR 5.9 (7.2) MILLION, OR 12.7
(16.6)
PERCENT OF NET SALES
    * AS EXPECTED, OUR UTILIZATION RATE IMPROVED SIGNIFICANTLY
IN Q2
FROM Q1 OF 2021, INCREASING FROM 75 PERCENT TO 78 PERCENT.
    * FOLLOWING LONG-TERM FINANCIAL TARGETS: * GROWTH: ANNUAL
NET
SALES GROWTH OF OVER 10 PERCENT, INCLUDING ACQUISITIONS
    * LONG-TERM FINANCIAL TARGETS: PROFITABILITY: ADJUSTED EBITA
MARGIN OF AT LEAST 12 PERCENT
    * LONG-TERM FINANCIAL TARGETS: LEVERAGE: NET DEBT / ADJUSTED
EBITDA SHOULD NOT EXCEED 2.5X, EXCEPT TEMPORARILY IN CONJUNCTION
WITH ACQUISITIONS
    * DIVIDEND POLICY: SITOWISE TARGETS PAYING A DIVIDEND
CORRESPONDING TO 30-50 PERCENT OF NET PROFIT

Source text for Eikon:  ID:nWkr3zWrzy 
Further company coverage:  SITOWS.HE 

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