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VERK - Verkkokauppa.com Oyj News Story

€9.15 0.1  0.6%

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Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £353.1m
Enterprise Value £334.7m
Revenue £480.5m
Position in Universe 570th / 1831

BRIEF-Verkkokauppa.com Announces Its Refined Strategy For 2021–2025

Fri 12th February, 2021 6:19am
Feb 12 (Reuters) - Verkkokauppa.com Oyj  VERK.HE :
    * REG-VERKKOKAUPPA.COM ANNOUNCES ITS REFINED STRATEGY FOR
THE
PERIOD 2021–2025
    * AIMS FOR A REVENUE OF ONE BILLION EURO AND A 5% EBIT
MARGIN BY
END OF 2025.
    * WILL CONTINUE ITS POLICY OF DISTRIBUTING A QUARTERLY
GROWING
DIVIDEND TO SHAREHOLDERS.
    * AIMS TO PUSH ITS FIXED COSTS BELOW 10% OF REVENUE BY 2025
THROUGH TARGETED INVESTMENTS
    * AIM IS TO DOUBLE ITS B2B AND PRIVATE LABEL BUSINESS BY
2025
    * IS LOOKING FOR POTENTIAL NEW BUSINESS AND M&A
OPPORTUNITIES,
ESPECIALLY AMONG LOCAL COMPLEMENTARY ECOMMERCE COMPANIES.
    * JÄTKÄSAARI LOGISTICS AUTOMATION INVESTMENT PROGRAM WILL
BRING AN
UPGRADE TO JÄTKÄSAARI WAREHOUSE OPERATIONS
    * ESTIMATED VALUE OF CAPITAL EXPENDITURE IS APPROXIMATELY
EUR 4
MILLION, AND IT IS EXPECTED TO BE COMPLETED BY END OF 2022
    * INVESTMENT WILL MAKE JÄTKÄSAARI WAREHOUSE A BEST-IN-CLASS,
AUTOMATED URBAN LOGISTICS HUB IN HELSINKI.

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

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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