Brief: Verkkokauppa.com Q4 EBITDA Up At EUR 7.2 Million

Verkkokauppa.com Oyj

15/02/2019 06:06

Feb 15 (Reuters) - Verkkokauppa.com Oyj  VERK.HE :
    * REG-VERKKOKAUPPA.COM OYJ: REVENUE GREW BY 22% DURING Q4 IN
A
WEAK MARKET
    * Q4 REVENUE EUR 156 MILLION VERSUS EUR 127 MILLION YEAR AGO
    * Q4 GROSS PROFIT 22.9 MILLION EUROS (20.1), GROWTH OF 14%
    * BOARD PROPOSES DIVIDEND OF 0.198 EURO PER SHARE IN TOTAL
WILL BE
DISTRIBUTED FOR FINANCIAL YEAR 2018
    * BUSINESS OUTLOOK INCLUDES UNCERTAINTIES, ESPECIALLY DUE TO
MACROECONOMIC DEVELOPMENTS
    * STRONG BALANCE SHEET ENABLES COMPANY TO CONTINUE EXPANDING
ITS
OPERATIONS IN ACCORDANCE WITH ITS STRATEGY
    * IN 2019, COMPANY'S REVENUE IS EXPECTED TO BE BETWEEN
500-550
MILLION EUROS (2018: 478 MILLION EUROS)
    * 2019 OPERATING PROFIT TO BE BETWEEN 11-17 MILLION EUROS
(13.3
MILLION EUROS).
    * SAYS DRIVERS FOR RECORD SALES IN Q4 WERE A SUCCESSFUL
BLACK
FRIDAY CAMPAIGN AND CHRISTMAS SEASON.
    * 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
    * S DIVIDEND POLICY IS TO PAY OUT A QUARTERLY GROWING
DIVIDEND.
    * Q4 EBITDA EUR 7.2 MILLION VERSUS EUR 7.1 MILLION YEAR AGO

Source text for Eikon:  ID:nGNE6X4JGL 
Further company coverage:  VERK.HE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))