Brief: Verkkokauppa.com Q3 Operating Profit Rises To EUR 4.3 Mln

Verkkokauppa.com Oyj

25/10/2019 06:04

Oct 25 (Reuters) - Verkkokauppa.com Oyj  VERK.HE :
    * REG-VERKKOKAUPPA.COM CONTINUED TO GROW WITH IMPROVED
PROFITABILITY IN Q3
    * JUL-SEPT REVENUE 121 MILLION EUROS (7-9/2018: 117), GROWTH
OF 3%
    * JUL-SEPT OPERATING PROFIT 4.3 MILLION EUROS (3.7)
    * BOARD OF DIRECTORS HAS RESOLVED TO PAY A QUARTERLY
DIVIDEND OF
0.051 EUROS PER SHARE
    * COMPANY HAS UPDATED FINANCIAL GUIDANCE FOR 2019
    * HAS UPDATED ITS OUTLOOK FOR 2019 AND EXPECTS REVENUE TO BE
BETWEEN 500-525 MILLION EUROS (2018: 478 MILLION EUROS) AND
OPERATING PROFIT TO BE BETWEEN 11-15 MILLION EUROS (13.3 MILLION
EUROS)
    * PREVIOUSLY, COMPANY ESTIMATED REVENUE IN 2019 TO BE
BETWEEN
500-550 MILLION EUROS AND OPERATING PROFIT TO BE BETWEEN 11-17
MILLION EUROS
    * EXPECTS CONSUMER ELECTRONICS MARKET TO REMAIN TOUGH AND
COMPETITIVE PRICING TO CONTINUE THROUGHOUT REST OF YEAR

Source text for Eikon:  ID:nGNE56b1RQ 
Further company coverage:  VERK.HE 

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