Brief: Innofactor Q3 Operating Profit Up At EUR 0.4 Mln

Innofactor Oyj

27/10/2020 07:05

Oct 27 (Reuters) - Innofactor Plc  IFA1V.HE :
    * REG-INNOFACTOR PLC'S INTERIM REPORT FOR JANUARY
1–SEPTEMBER 30,
2020 (IFRS)
    * Q3 NET SALES WERE APPROXIMATELY EUR 14.0 MILLION (2019:
14.0),
WHICH SHOWS AN INCREASE OF 0.3%
    * Q3 OPERATING MARGIN WAS APPROXIMATELY EUR 1.6 MILLION
(2019:
1.5), WHICH SHOWS AN INCREASE OF 1.6%
    * Q3 OPERATING PROFIT EUR 0.4 MILLION VERSUS EUR 0.3 MILLION
YEAR
AGO
    * NET SALES AND OPERATING MARGIN (EBITDA) IN 2020 ARE
ESTIMATED TO
INCREASE FROM 2019, DURING WHICH NET SALES WERE EUR 64.2 MILLION
AND OPERATING MARGIN WAS EUR 5.1 MILLION
    * AS A WHOLE, NEGATIVE BUSINESS EFFECTS DUE TO CORONAVIRUS
IN Q3
WERE APPROXIMATELY AS ESTIMATED
    * IN LONG TERM, WE BELIEVE THAT DIGITAL STEP SOCIETY IS
TAKING DUE
TO CORONAVIRUS EPIDEMIC WILL INCREASE INNOFACTOR'S POSSIBILITIES
TO GROW ITS BUSINESS OPERATIONS

Source text for Eikon:  ID:nGNE7zv9R2 
Further company coverage:  IFA1V.HE 

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