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2020-10-26

Talenom Plc Business Review January–September 2020 (unaudited): Net sales grew by 13% and operating profit improved by 17% – New elements for the implementation of the growth strategy

Talenom Plc, Stock exchange release, 26 October 2020 at 13:30

Talenom Plc Business Review January–September 2020 (unaudited): Net sales grew by 13% and operating profit improved by 17% – New elements for the implementation of the growth strategy

January–September 2020 in brief:

  • Net sales 48.7 (43.0) million euros, increase 13.1% (18.2%)
  • Operating profit (EBIT) 10.5 (9.0) million euros, 21.5% (20.8%) of net sales
  • Net profit 7.8 (6.6) million euros
  • Earnings per share 0.18 (0.16) euros
  • Talenom’s guidance for 2020 remains unchanged: Net sales for 2020 are expected to amount to 64–68 million euros and operating profit to 12–14 million euros.

Group1–9/20201–9/2019Change
Net sales, thousands of euro48,69843,0425,656
Net sales, increase %13.1%18.2%-5.1 percentage points
Operating profit (EBIT), thousands of euro10,4568,9511,505
Operating profit (EBIT), as % of net sales21.5%20.8%0.7 percentage points
Return on investment (ROI), % (rolling 12 months)18.5% 20.9%-2.4 percentage points
Liquid assets, thousands of euro7,6816,984697
Earnings per share, euro0.180.160.02
Net profit, thousands of euro7,7766,5991,178


Group7–9/20207–9/2019Change
Net sales, thousands of euro14,84513,4971,348
Net sales, increase %10.0%21.1%-11.1 percentage points
Operating profit (EBIT), thousands of euro3,1442,351793
Operating profit (EBIT), as % of net sales21.2%17.4%3.8 percentage points
Return on investment (ROI), % (rolling 12 months)18.5%20.9%-2.4 percentage points
Liquid assets, thousands of euro7,6816,984697
Earnings per share, euro0.050.040.01
Net profit, thousands of euro2,3201,675646

This Business Review is not an Interim Financial Report prepared in accordance with the IAS 34 standard. The Company prepares its interim financial reporting in accordance with the Securities Market Act, in addition to which the Company releases Business Reviews for the first three and first nine months of the year. The Business Reviews contain key information regarding the financial position and development of the Talenom Group.


Guidance for 2020 remains unchanged

The guidance for 2020 that Talenom issued on 27 April 2020 remains unchanged:

Net sales for 2020 are expected to amount to 64–68 million euros and operating profit to 12–14 million euros.


CEO Otto-Pekka Huhtala

At Talenom, we are pleased with the excellent progress of the implementation of our strategy for profitable growth. During the past few years, we have taken our first steps in our internationalisation in Sweden and expanded our service range with financing services for our customer companies, for instance. At the same time, we have had strong growth in Finland.

Today, we are reaching an important milestone – the launch of new services that make day-to-day life easier for entrepreneurs. We are now releasing the TiliJaskaTM service in Finland, which we have developed in accordance with our small customer concept. We are also preparing to launch a similar service in Sweden (KontoKalle.se) next year. The new service provides small ent...

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