Brief: Acast Q2 Adjusted EBITDA Loss Widens To SEK 98.3 Million

Acast AB (publ)

02/08/2022 07:21

Aug 2 (Reuters) - Acast AB (publ)  ACAST.ST :
    * Q2: EBITDA MARGIN PASSES INFLECTION POINT AND
PROFITABILITY
BROUGHT FORWARD
    * Q2 NET SALES GROWTH OF 39% (130%) AND QUARTERLY NET SALES
OF SEK
315.8 MILLION (226.6)
    * Q2 ADJUSTED EBITDA OF SEK -98.3 MILLION (-46.6)
    * Q2 NET LOSS FOR PERIOD IMPACTED BY POSITIVE FX AND
AMOUNTING TO
SEK -70.6 MILLION (-179.7)
    * NEW FINANCIAL TARGETS: ORGANIC NET SALES GROWTH - AVERAGE
ANNUAL
ORGANIC NET SALES GROWTH OF 40%-45% BETWEEN 2020-2025
    * NEW FINANCIAL TARGETS: GROSS MARGIN - ANNUAL GROSS MARGIN
OF
35-38%
    * NEW FINANCIAL TARGETS: EBITDA - FULL YEAR EBITDA
PROFITABILITY
IN 2024

Source text for Eikon:  ID:nMFN4f2j5H 
Further company coverage:  ACAST.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))