Brief: Acroud Expects Q3 Net Result To Fall To EUR 0.3 Mln

Acroud AB

13/10/2020 07:04

Oct 13 (Reuters) - Acroud AB  ACROUD.ST :
    * TRADING UPDATE FOR Q3 2020, SIGNING OF LOI IN SPORTS
BETTING AND
NEW STATE LICENCES IN USA
    * REVENUE IS EXPECTED TO AMOUNT TO EUR 2.4M IN Q3 2020, 33
PERCENT
LOWER THAN IN Q2 2020 AND 31 PERCENT LOWER THAN IN Q3 2019.
    * REPORTED EBITDA IS EXPECTED TO AMOUNT TO EUR 1.0M, 36
PERCENT
LOWER THAN IN Q2 2020 AND 49 PERCENT LOWER THAN IN Q3 2019
    * EBITDA MARGIN FOR Q3 2020 IS EXPECTED TO BE 40 PERCENT.
    * Q3 REPORTED PROFIT AFTER TAX IS EXPECTED TO AMOUNT TO EUR
0.3M,
COMPARED WITH EUR -1.1M IN Q2 2020 AND EUR 1.1M IN Q3 2019
    * CASH POSITION AT 30 SEPTEMBER 2020 IS ESTIMATED AT EUR
2.1M
    * HAS SIGNED A LETTER OF INTENT (LOI) REGARDING ACQUISITION
OF A
FAST-GROWING LEAD GENERATION COMPANY WITHIN SPORTS BETTING
    * AGREEMENT COMPRISES A TOTAL PURCHASE CONSIDERATION OF
APPROXIMATELY EUR 1.2M
    * POTENTIAL ACQUISITION IS EXPECTED TO ACCELERATE COMPANY'S
GROWTH
IN STRATEGIC FOCUS AREAS SUCH AS SPORTS BETTING AND EMERGING
MARKETS.

Source text for Eikon:  ID:nWkr8vyK7l 
Further company coverage:  ACROUD.ST 

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