ADDvise Group is updating financial target relating to EBITDA margin - Regulatory information
The board of directors in ADDvise Group has today, based on the strong result in the company, adopted a new EBITDA margin target. ADDvise’s previous EBITDA margin target was set at 10%. The new target is set at an EBITDA margin of 15%. In September 2017, when ADDvise adopted the previous EBITDA target of 10%, the EBITDA margin in the group as per Q3 2017, year to date, was at a level of 6.1%. As per Q3 2020, year to date, the EBITDA margin was at a level of 11.4%. - We have been working hard to improve the profitability in the group both by optimizing cost and by focusing on the
The period in summary
Third quarter July 1 – September 30, 2020
· Our marketing authorization application for Strangvac was submitted to the European Medicines Agency, EMA, at the end of February. During the third quarter, we have strengthened the dossier in the areas where EMA has asked for clarification. We are happy to report that we remain on track with our schedule and plan for a positive statement from EMA during the first half of 2021. · We focus on the preparations for the launch of Strangvac, which includes a distribution partner for Europe, outside regions where we
Gasum strives actively to increase biogas production capacity by expanding and improving the efficiency of existing biogas plants and by increasing biogas procurement. The opening of the Turku biogas plant took place today. The biogas plant is the first in Finland to produce liquefied biogas for transport, industrial and maritime needs.Start-up of Finland’s first biogas plant producing liquefied biogasThe major expansion and modernization of Gasum’s biogas plant in Topinoja, Turku has been completed. The plant was opened today, and commercial use of the plant started up. The expansion of
