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BRIEF-Opera Software sets "medium-term" goal to double sales to more than $1 billion
March 30, 2017 / 5:20 AM / in 4 months

BRIEF-Opera Software sets "medium-term" goal to double sales to more than $1 billion

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March 30 (Reuters) - Opera Software Asa

* Maintains 2017 target of revenues $550 million-$650 million, up from $537 million in 2016

* Maintains 2017 target of adjusted ebitda $50 million-$70 million, corresponding to an ebitda margin of 9-11 percent

* Says medium-term ambition is for revenue to exceed $1 billion, adjusted ebitda margin of about 15 percent Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik)

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