Brief: Talenom H1 Operating Profit Up At EUR 6.6 Million

Talenom

29/07/2019 11:51

July 29 (Reuters) - Talenom Oyj  TNOM.HE :
    * TALENOM PLC HALF-YEAR REPORT JANUARY–JUNE 2019
(UNAUDITED):
OPERATING PROFIT IMPROVES BY 26% AND NET SALES GROW BY 17% – THE
COMPANY CONTINUES ITS EXCELLENT PROFITABLE GROWTH AND STARTED
ITS INTERNATIONALISATION
    * GUIDANCE FOR 2019 REMAINS UNCHANGED
    * H1 OPERATING PROFIT EUR 6.6 MILLION VERSUS EUR 5.2 MILLION
YEAR
AGO
    * H1 NET SALES EUR 29.5 MILLION VERSUS EUR 25.3 MILLION YEAR
AGO
    * EXPECT THAT FULL-YEAR RELATIVE GROWTH WILL BE HIGHER THAN
IN
2018 (NET SALES GROWTH 18%, 2018)
    * EXPECT TO SEE A YEAR-ON-YEAR INCREASE IN RELATIVE
PROFITABILITY
(OPERATING PROFIT AS A PERCENTAGE OF NET SALES 17.5%, 2018)
    * WE WILL START PROACTIVE SALES EFFORTS IN SWEDEN IN Q1 2020

Source text for Eikon:  ID:nGNEbjgrD4 
Further company coverage:  TNOM.HE 

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