Brief: Taaleri Estimates FY 2019 Operating Profit Margin To Be Lower Than In 2018

Taaleri Oyj

04/12/2019 09:46

Dec 4 (Reuters) - Taaleri Plc  TAALA.HE :
    * REG-TAALERI PLC´S FULL-YEAR 2019 OPERATING PROFIT MARGIN
IS
ESTIMATED TO BE AT LEAST 20 PER CENT AND IN LINE WITH THE
LONG-TERM TARGET, BUT LOWER THAN IN 2018
    * WEALTH MANAGEMENT SEGMENT'S CONTINUING EARNINGS HAVE
DEVELOPED
POSITIVELY,
    * LONG-TERM OPERATING PROFIT TARGET IS AT LEAST 20% OF
INCOME,
LONG-TERM RETURN ON EQUITY TARGET IS AT LEAST 15%, AND LONG-TERM
EQUITY RATIO TARGET IS AT LEAST 30%
    * ESTIMATES FULL-YEAR 2019 OPERATING PROFIT MARGIN TO BE
LOWER
THAN IN 2018 (33 PER CENT), AS REVENUE RECOGNITION FOR SALE OF
TAALERI ENERGIA'S TRUSCOTT-GILLILAND WIND FARM PROJECT IN TEXAS
MOVES FROM LATE 2019 TO EARLY 2020

Source text for Eikon:  ID:nGNE1M5tdX 
Further company coverage:  TAALA.HE 

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