Brief: Verkkokauppa.com: 2018 Comparable EBITDA To Be Lower Than Expected

Verkkokauppa.com Oyj

17/01/2019 15:10

Jan 17 (Reuters) - Verkkokauppa.com Oyj  VERK.HE :
    * REG-PROFIT WARNING: VERKKOKAUPPA.COM OYJ'S COMPARABLE
EBITDA
WILL BE LOWER THAN EXPECTED FOR THE YEAR 2018
    * BASED ON INITIAL UNAUDITED INFORMATION, VERKKOKAUPPA.COM
OYJ'S
COMPARABLE EBITDA FOR 2018 WAS 10.2 MILLION EUROS
    * IN LAST QUARTER OF YEAR, REVENUE INCREASED APPROXIMATELY
22
PERCENT COMPARED WITH SAME PERIOD OF PREVIOUS YEAR
    * INCREASED PRICE COMPETITION DECREASED GROSS PROFIT FOR
2018
    * INCREASED PRICE COMPETITION AND INCREASED MARKETING
ACTIVITIES
TOGETHER LOWERED COMPARABLE EBITDA.
    * IN 2018, VERKKOKAUPPA.COM'S UNAUDITED REVENUE GREW TO 477
MILLION EUROS (2017: 432 MILLION EUROS) AND WAS IN LINE WITH
EXPECTATIONS.
    * PREVIOUSLY COMPANY ESTIMATED REVENUE FOR 2018 TO BE
BETWEEN
460-500 MILLION EUROS.
    * PREVIOUSLY VERKKOKAUPPA.COM OYJ ESTIMATED ITS COMPARABLE
EBITDA
FOR 2018 TO BE BETWEEN 11-14 MILLION EUROS
(2017: 13 MILLION EUROS)

Source text for Eikon:  ID:nGNE3T9DsL 
Further company coverage:  VERK.HE 

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