Brief: Tecnotree Q1 Adjusted Operating Profit Up At EUR 3.1 Mln

Tecnotree Oyj

29/04/2021 07:14

April 29 (Reuters) - Tecnotree Oyj  TEM1V.HE :
    * TECNOTREE CORPORATION SHORT REPORT 1 JAN - 31 MAR 2021
(UNAUDITED)
    * Q1 NET SALES EUR 11,2 MILLION VERSUS EUR 9.8 MILLION YEAR
AGO
    * Q1 ADJUSTED OPERATING PROFIT EUR 3,1 MILLION VERSUS EUR
2.3
MILLION YEAR AGO
    * TECNOTREE CONTINUES TO BE ON ROBUST GROWTH TRAJECTORY,
PERFORMANCE FOR 1ST QUARTER OF 2021 HAS BEEN VERY PROMISING
COMPARED TO OUR PERFORMANCE FOR SAME QUARTER LAST YEAR.
    * NET CASH FLOW AFTER INVESTMENTS IN Q1 WAS EUR 1.7 MILLION
POSITIVE AND CASH AND CASH EQUIVALENTS IN END OF PERIOD WERE EUR
10.0 MILLION.
    * LIQUIDITY WISE COMPANY CONTINUES TO BE WELL-POSITIONED TO
MEET
ITS EXPENSES, INVESTMENTS AND DEBT REPAYMENT REQUIREMENTS.

Source text for Eikon:  ID:nWkrpnv3t 
Further company coverage:  TEM1V.HE 

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