TAALERI PLC INSIDE INFORMATION 4 DECEMBER 2019 AT 11:30 AM (EET)
Taaleri Plc´s full-year 2019 operating profit margin is estimated to be at least 20 per cent and in line with the long-term target, but lower than in 2018
Taaleri Plc estimates the full-year 2019 operating profit margin to be lower than in 2018 (33 per cent), as revenue recognition for the sale of Taaleri Energia’s Truscott-Gilliland wind farm project in Texas moves from late 2019 to early 2020, due to the contract negotiating schedule. The process of selecting a new turbine supplier has been completed as planned and the turbine supply agreement has been secured.
The Wealth Management segment’s continuing earnings have developed positively, following the weak performance in the first half of the year.
Previous guidance from 19 June 2019: Taaleri Plc´s January-June 2019 operating profit margin is estimated to weaken to between 20 and 25 per cent, and hence the operating profit margin for full-year 2019 will be slightly below the 2018 level.
Taaleri’s long-term operating profit target is at least 20 per cent of income, its long-term return on equity target is at least 15 per cent, and its long-term equity ratio target is at least 30 per cent.
Taaleri Plc will publish its January-December 2019 results on 12 February 2020.
For more information, please contact:
CEO Robin Lindahl, Taaleri Plc, tel. + 358 50 595 9616, [email protected]
CFO Minna Smedsten, Taaleri Plc, tel. +358 40 700 1738, [email protected]
Taaleri in brief
Taaleri is a Finnish financial services company, whose parent company, Taaleri Plc, is listed on Nasdaq Helsinki main market. The Taaleri Group comprises three business areas: Wealth Management, Financing, and Energy. In addition, the Group makes investments from its own balance sheet.
At the end of June 2019, Taaleri had assets under management totalling EUR 6.6 billion and 5,300 wealth management customers. Taaleri Plc has some 4,300 shareholders. Taaleri’s operations are supervised by the Finnish Financial Supervisory Authority.
More information about our company and services:
Sophie Jolly, Head of Communications and IR, tel. +358 40 828 7317, [email protected]