ASIAKASTIETO GROUP PLC, STOCK EXCHANGE RELEASE 15 FEBRUARY 2019 at 11.15 A.M.
EET
Asiakastieto Group updates its long-term financial targets
Asiakastieto Group Plc's Board of Directors has updated the Group's long-term
financial targets.
Updated targets
* Growth: Achieve 5-10 per cent average growth in net sales
* Profitability: Achieve a rate of EBITDA growth that exceeds the percentage
growth of net sales.
* Balance sheet structure: Maintain net debt to EBITDA of less than 3x while
continuing to maintain an efficient capital structure
Previous targets
* Growth: Achieve 5-10 per cent average growth in net sales
* Profitability: Maintain the profitability of the current services at the
current level
* Balance sheet structure: Maintain net debt to EBITDA of less than 3x while
continuing to maintain an efficient capital structure
"Intensifying the use of data and automating data-intensive processes offer us
excellent opportunities for growth. The combination of Asiakastieto and UC
strengthens our possibilities to invest in the future. Our integration work has
progressed as planned, and we are carrying through our original target for
synergies, which is approximately 17 million euros and which is expected to be
achieved in full by the year 2021", comments Asiakastieto Group's CEO Jukka
Ruuska.
ASIAKASTIETO GROUP PLC
Board of Directors
For further information:
Jukka Ruuska, CEO
Asiakastieto Group Plc
tel. +358 10 270 7111
Distribution:
Nasdaq Helsinki Ltd
main communication channels
investors.asiakastieto.fi
Asiakastieto Group is one of the leading providers of digital business and
consumer information services in the Nordic countries. The Group's products and
services are primarily used for risk management, finance and administration,
decision-making and sales and marketing purposes. We are operating in Finland
under the brand Suomen Asiakastieto and in Sweden under the brand UC. Our pro
forma annual net sales for 2017 was EUR 134 million and the number of employees
was approximately 450. The Group serves several industries, the largest ones
including finance and banking as well as wholesale and retail sectors and expert
service companies. Asiakastieto Group is listed on Nasdaq Helsinki with the
ticker ATG1V. More information about Asiakastieto Group is available at
www.asiakastieto.fi and www.uc.se.
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