Revenue in July – September grew 22% and EBITDA 66% compared to previous year.
July – September 2018 in brief
Revenue in July – September grew 22% and EBITDA 66% compared to previous year. Third-quarter net sales and EBITDA growth were mainly due to the completion of the lifecycle service deployment projects for several operating customers during the second quarter of the year. The number of personnel has continued to grow along with the invoice volume growth in lifecycle services especially in customer service department. The EUR 50 million bond issue in December 2017 and the change in financing structure have increased the Group’s financial expenses by 128% compared to the previous year. The Bond was listed to Nasdaq Helsinki in August 2018.
- Net sales amounted to EUR 12,1 million (9,9): growth of 22 %.
- EBITDA totalled EUR 3,6 million (2,2): growth of 66 %.
- Operating profit was EUR 2,5 million (1,1): growth of 129 %.
- Net profit came to EUR 1,2 million (0,5): growth of 162 %.
- The equity ratio was 4 per cent (33 %).
Financial statements, interim reports and business reviews are available on the company’s investor website at www.ropocapital.fi/en/company/investors/financial-publications/.
Notable: This is not an interim report as specified in the IAS 34 standard. The company complies with semi annual reporting frequency according to the Finnish Securities Markets Act and additionally discloses quarterly business reviews in accordance with the terms relating its bond issue in December 2017. The figures in the review are unaudited.
For further information, please contact:
Toni Rönkkö, CFO, Ropo Capital
044 569 8168, email@example.com
Artti Aurasmaa, CEO, Ropo Capital
About Ropo Capital
Ropo Capital is a leading Finnish provider of invoice lifecycle management services covering the whole value chain of receivables management. We compete in the markets as a technological forerunner – our operating model is based on the advantages of digitalisation and advanced automation. The Company employs approximately 160 people and more than 8,000 Finnish companies actively use our services. We deliver one in six invoices in Finland. Our goal is to be the market leader in Finland by 2020.
RopoHold Oyj is the parent company of the Ropo Capital Group.