TargetEveryOne leaves EBITDA forecast of 15 MSEK for 2017

The Board of TargetEveryOne believes that the company has now reached the stage of development where there are good reasons for increased transparency and therefore strengthen the market's ability to evaluate the operations.

The Board´s perception is that the growing demand for TargetEveryOne´s services and the effects of the restructuring during the last six months will have a positive impact and an increased stability.

For these reasons, the Board has decided to publish the profit forecast for 2017.

"We see an increasing interest in our services, particularly in the Norwegian market," says Fredric Forsman, chairman of TargetEveryOne AB. "First of all, the increasing order intake resulting from the agreement with Telenor, which in turn created a growing interest among a number of major Norwegian customers."

"Furthermore, we see that the result of the cost savings, which the Board previously approved, will give full effect at the beginning of 2017," continues Forsman. "Finally, TargetEveryOne is now on its way to establish itself in new markets, mainly in North and Central America."

The Board shares the management´s assessment that operating profit before tax, financial items and depreciation (EBITDA) for the full year 2017 will reach 15 million.