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Weifa ASA: Record third-quarter revenues and growth for all main categories | ||
By: Nasdaq / GlobeNewswire - 25 Oct 2016 | Back to overview list |
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Oslo, 25 October 2016
· Record third-quarter revenues of NOK 93.8 million, an increase of 22% y-o-y
Weifa's portfolio of long-established brands maintained a high market share in all key segments during the quarter. EBITDA was NOK 19 million (NOK 15.1 million) for the third quarter after NOK 0.9 million (NOK 1.8 million) in cost of employee options. The EBITDA margin adjusted for employee option costs was 21.3% (21.9%). "Weifa experienced growing demand for all our product categories in the third quarter. The launch of Solvivo strengthened our position in the cough & cold market and the introduction of Zonat has added a new growth category to our product portfolio. We remain focused on our growth strategy of strengthening the established brands, developing new innovative products and expanding our presence in the Nordic region", says CEO Kathrine Gamborg Andreassen.
Weifa will give a presentation today at 08:30 CET at Felix Konferansesenter, Bryggetorget 3, Oslo, Norway. CEO Kathrine Gamborg Andreassen and CFO Simen Nyberg-Hansen will represent the company. The presentation will also be webcast live and can be accessed directly from:
Please find the report and presentation for the third quarter enclosed. The report and presentation will also be made available on www.weifa.no . For further information, please contact:
Kathrine Gamborg Andreassen
Simen Nyberg-Hansen
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Weifa ASA via GlobeNewswire
HUG#2051029
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Copyright 2016 Nasdaq / GlobeNewswire | Back to overview list |