Enento Group, the former Asiakastieto, reached an operating profit of EUR 6.1 million in October-December, according to the database FactSetin The average of the analyst forecasts collected by the company expected operating profit to be EUR 9.2 million. The forecast was based on the average of two analysts, and the time window was 45 days. In the comparison period, the operating profit was EUR 7.8 million.
Net sales were slightly better than analysts expected. Enento Group’s net sales in October-December were EUR 40.2 million, compared to EUR 39.2 million in the comparison period. Analysts expected a turnover of EUR 39.5 million.
“The Group’s net sales were supported by new services launched in our main markets, whose share of net sales will continue to grow, amounting to 6.8% in the fourth quarter,” Jukka Ruuska commented in the press release.
Earnings per share were EUR 0.15, while analysts expected an average earnings per share of EUR 0.28. In the comparison period, net earnings per share amounted to EUR 0.23.
EBITDA was close to expectations. Adjusted EBITDA excluding items affecting comparability was EUR 14.4 million. Analysts expected EBITDA to increase by 6.6 percent to EUR 14.5 million.
Guides growth in EBITDA and net sales
Enento Group expects net sales to grow in 2021 in line with the long-term target (5-10%), somewhat below the mid-target.
The company expects the adjusted EBITDA margin to improve somewhat in 2021 compared to the previous year.
“In March, an interest rate pandemic hit our home market, affecting the Enento Group’s operating environment during the financial year. Despite this, we progressed during the financial year in terms of launching new services in line with our goals and remained on a growth path. New services accounted for 6.8% of net sales in the last quarter of the financial year, compared to 4.4% in the corresponding period of the previous year, ”says Ruuska.
“During 2020, we launched more than 50 new services. In line with our strategy, we have focused on developing services based on new data elements, helping our customers to digitize their processes and strengthening their ability to respond to the changing challenges of the business environment, ”Ruuska continues.
Source: Arvopaperi by www.arvopaperi.fi.
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