Brief: Verkkokauppa.com Q2 Operating Profit Down At EUR 0.2 Mln

Verkkokauppa.com Oyj

09/08/2019 06:05

Aug 9 (Reuters) - Verkkokauppa.com Oyj  VERK.HE :
    * REG-VERKKOKAUPPA.COM CONTINUED TO OUTGROW COMPETITION WITH
REVENUE GROWTH OF 5% DURING Q2 IN A DECLINING MARKET
    * Q2 REVENUE EUR 108 MILLION VERSUS EUR 102 MILLION YEAR AGO
    * Q2 OPERATING PROFIT EUR 0.2 MILLION VERSUS EUR 1.0 MILLION
YEAR
AGO
    * IN 2019, COMPANY'S REVENUE IS EXPECTED TO BE BETWEEN
500-550
MILLION EUROS (2018: 478 MILLION EUROS) AND OPERATING PROFIT TO
BE BETWEEN 11-17 MILLION EUROS (13.3 MILLION EUROS)
    * DRIVERS FOR GROWTH IN Q2 WERE SUCCESSFUL SEASON SALES,
ADDITIONAL MARKETING ACTIVITIES AND EFFECTIVE CAMPAIGNING.
    * AS IN PREVIOUS YEARS COMPANY IS EXPECTING H2 BE HIGHER IN
PROFITABILITY THAN H1.
    * COMPANY TARGETS AN ANNUAL REVENUE GROWTH OF 10-20% IN
MEDIUM
TERM.
    * COMPANY TARGETS A GROWING OPERATING PROFIT AND AN
OPERATING
PROFIT MARGIN OF 2.5-4.5% IN MEDIUM-TERM
    * COMPANY'S DIVIDEND POLICY IS TO PAY OUT A QUARTERLY
GROWING
DIVIDEND.

Source text for Eikon:  ID:nGNE81c4bH 
Further company coverage:  VERK.HE 

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