Enento Group Oyj: Enento Group s comparable net sales information by Business Areas for 2020 and Q1 2021 relating to the new Business Area structure finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Enento Group Oyj: Enento Group s Interim Release 1.1. - 31.3.2021: Net sales growth was supported by new services and a business model that adapts well to exceptional circumstances
Enento
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Net sales growth was supported by new services and a business model that adapts well to exceptional circumstances
SUMMARY
brief
Net sales amounted to EUR 39,7 million (EUR 37,6 million), an increase of 5,4 % (at comparable exchange rates an increase of 2,4 %).
Adjusted EBITDA excluding items affecting comparability was EUR 13,9 million (EUR 12,4 million), an increase of 12,4 % (at comparable exchange rates an increase of 9,9 %).
Adjusted EBIT excluding items affecting comparability and amortisation from fair value adjustments related to acquisitions was EUR 11,5 million (EUR 10,5 million), an increase of 10,0 %.
FUTURE OUTLOOK
Net Sales: Enento Group expects its net sales growth in 2021 to be in the long-term target range (5-10%) but somewhat lower than the mid-point of the target range.
EBITDA: Enento Group expects its adjusted EBITDA margin to improve somewhat in 2021 compared to previous year.
Capital Expenditure: Enento Group expects its capitalised product development and software expenses in 2021 to exceed the previous year’s level.
The Outlook is based on the assumption that exchange rates remain at the current level.
JUKKA RUUSKA, CEO
Enento Group’s net sales in the first quarter amounted to EUR 39,7 million, representing a year-on-year increase of 5,4 % (at comparable exchange rates 2,4 %) in spite of the continued challenges in the operating environment. The progress of COVID-19 vaccinations and support measures in society nevertheless create positive expectations for the future. The Group’s adjusted EBITDA increased by 12,4 % (at comparable exchange rates 9,9 %) and am
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On March 2, Microsoft revealed a critical cybersecurity offensive launched by a foreign adversary against organizations in the United States. The company attributed the attacks to a Chinese advanced persistent threat group it calls Hafnium. Microsoft quickly announced patches for the four previously unknown vulnerabilities in Exchange Server that the malicious actors had exploited.
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FUTURE OUTLOOK
Net Sales: Enento Group expects its net sales growth in 2021 to be in the long-term target range (5-10%) but somewhat lower than the mid-point of the target range.
EBITDA: Enento Group expects its adjusted EBITDA margin to improve somewhat in 2021 compared to previous year.
Capital Expenditure: Enento Group expects its capitalised product development and software expenses in 2021 to exceed the previous year’s level.
The Outlook is based on the assumption that exchange rates remain at the current level.
JUKKA RUUSKA, CEO
Surprisingly, 2020 was a very different year than what we expected. The COVID-19 pandemic made its way to our home markets in March and affected Enento Group’s operating environment during the financial year. In spite of this, we made progress in line with our targets with regard to the launch of new services during the financial year, and we remained on the path of growth. New services represented 6,8 % of net sales in the final quarter of th