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Thursday, 14 September 2017

Verkkokauppa.com lowers its guidance on full-year comparable operating profit

Verkkokauppa.com Oyj    

Published: 07:00 CEST 14-09-2017 /GlobeNewswire /Source: Verkkokauppa.com Oyj / : VERK /ISIN: FI4000049812

Verkkokauppa.com lowers its guidance on full-year comparable operating profit

Verkkokauppa.com Oyj COMPANY RELEASE September 14, 2017 at 8:00

Verkkokauppa.com Oyj lowers its comparable operating profit guidance for the financial year 2017. The reason for the updated outlook is the aggressive growth strategy of the company for 2017, which is estimated to result in lower than previously expected EBITDA level in the remaining period of the financial year due to aggressive pricing and marketing efforts in order to increase market share. This is reflected in lower than previously expected full-year comparable operating profit. Verkkokauppa.com Oyj's guidance regarding the development of its net sales in 2017 remains unchanged.

New guidance

In 2017, the company's revenue is expected to exceed the level of 2016. The comparable operating profit is expected to be below the level of 2016.

Previous guidance (published on 14 July 2017, half-year financial report)

In 2017, the company's revenue and comparable operating profit are expected to exceed the level of 2016.

 

Helsinki, Finland, 14 September 2017

Verkkokauppa.com Oyj

Board of Directors

 

 

More information:

Samuli Seppälä, CEO
e-mail samuli.seppala@verkkokauppa.com
Telephone +358 10 309 5555

Jussi Tallgren, CFO
e-mail
jussi.tallgren@verkkokauppa.com
Telephone +358 10 309 5555

Certified Adviser Nordea Bank Finland Plc
Telephone
+358 9 5300 6785

Distribution:

NASDAQ OMX Helsinki
Key media
www.verkkokauppa.com





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Verkkokauppa.com Oyj, Tyynenmerenkatu 11, 6 krs, Helsinki 00220, Suomi
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