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BRIEF-Basware Q3 operating result swings to loss of EUR 2.2 mln
October 19, 2016 / 6:00 AM / a year ago

BRIEF-Basware Q3 operating result swings to loss of EUR 2.2 mln

Oct 19 (Reuters) - Basware Oyj :

* Q3 net sales 35.3 million euros ($38.8 million) versus 33.6 million euros year ago

* Q3 operating loss 2.2 million euros versus profit 1.0 million euros year ago

* Expects flat organic revenue growth at constant currencies in 2016

* Sees temporary pressure on margins driven by accelerated growth investments resulting in adjusted EBITDA around breakeven in 2016 Source text for Eikon:

Further company coverage: ($1 = 0.9107 euros) (Gdynia Newsroom)

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