Brief: SRV Yhtiot Q1 Operating Profit At EUR 5.2 Million

SRV Yhtiot Oyj

29/04/2021 06:38

April 29 (Reuters) - SRV Yhtiot Oyj  SRV1V.HE :
    * SRV'S INTERIM REPORT JANUARY-MARCH 2021: POSITIVE TREND IN
PROFITABILITY CONTINUED, MAJOR FINANCING ARRANGEMENT INITIATED
DURING Q1 WAS IMPLEMENTED IN APRIL
    * SRV'S INTERIM REPORT JANUARY-MARCH 2021: POSITIVE TREND IN
PROFITABILITY CONTINUED, MAJOR FINANCING ARRANGEMENT INITIATED
DURING Q1 WAS IMPLEMENTED IN APRIL
    * Q1 REVENUE DECLINED BY 10.1 PER CENT TO EUR 187.1 MILLION
(208.1
1−3/2020).
    * Q1 OPERATING PROFIT WAS EUR 5.2 (4.5) MILLION.
    * SRV YHTIOT OYJ - AT PERIOD-END, ORDER BACKLOG STOOD AT EUR
1,061.1 (1,361.5) MILLION
    * EARNINGS TREND IN CONSTRUCTION REMAINED FAVOURABLE DURING
REVIEW
PERIOD AND OUR ONGOING PROJECTS PROGRESSED LARGELY IN LINE WITH
PLANS
    * CONSOLIDATED REVENUE FOR 2021 IS EXPECTED TO AMOUNT TO EUR
900 -
1,050 MILLION (REVENUE IN 2020: EUR 975.5 MILLION).
    * 2021 OPERATIVE OPERATING PROFIT IS EXPECTED TO IMPROVE ON
2020
AND TO AMOUNT TO EUR 16-26 MILLION (OPERATIVE OPERATING PROFIT
FOR 2020 IN ACCORDANCE WITH NEW DEFINITION: EUR 15.8 MILLION).

Source text for Eikon:  ID:nWkr1bSwjs 
Further company coverage:  SRV1V.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;  +48 587696600;))