Edition:
United States

Taaleri's 2019 Operating Profit Margin To Be Slightly Below The 2018 Level


Wednesday, 19 Jun 2019 04:30am EDT 

June 19 (Reuters) - Taaleri Oyj ::REG-TAALERI PLC´S HALF-YEAR JANUARY-JUNE 2019 OPERATING PROFIT MARGIN IS ESTIMATED TO WEAKEN TO BETWEEN 20 AND 25 PER CENT, AND HENCE THE OPERATING PROFIT MARGIN FOR 2019 WILL BE SLIGHTLY BELOW THE LEVEL IN 2018.BASED ON FIRST HALF-YEAR, TAALERI PLC ESTIMATES ALSO FULL-YEAR 2019 OPERATING PROFIT MARGIN TO BE SLIGHTLY LOWER THAN IN 2018.DECREASE IS MAINLY DUE TO WEAKENED CONTINUING EARNINGS OF WEALTH MANAGEMENT DURING FIRST HALF-YEAR.REALIZATION OF PLANNED PROJECTS THAT HAS BEEN POSTPONED TO SECOND HALF OF 2019.LONG-TERM OPERATING PROFIT TARGET IS AT LEAST 20 PER CENT OF INCOME.LONG-TERM EQUITY RATIO TARGET IS AT LEAST 30 PER CENT.ITS LONG-TERM RETURN ON EQUITY TARGET IS AT LEAST 15 PER CEN. 

Company Quote

7.0
-0.06 -0.85%
19 Jul 2019