Brief: Acroud Q1 Revenue Expected At EUR 6.9 Mln

Acroud AB

11/04/2022 10:07

April 11 (Reuters) - Acroud AB  ACROUD.ST :
    * ACROUD PROVIDES TRADING UPDATE AND EARNINGS ESTIMATES
AHEAD OF
THE INTERIM REPORT Q1 2022. EBITDA IS EXPECTED TO AMOUNT TO
AROUND EUR 2.2 MILLION COMPARED TO EUR 0.8 MILLION IN THE
PREVIOUS QUARTER.
    * REVENUE IS EXPECTED TO AMOUNT TO EUR 6.9M FOR Q1 2022,
REPRESENTING A 6 PER CENT GROWTH QUARTER-ON-QUARTER AND 24 PER
CENT GROWTH YEAR-ON-YEAR.
    * Q1 EBITDA IS EXPECTED TO AMOUNT TO EUR 1.8M, WHICH
INCREASES TO
EUR 2.2M WHEN INCLUDING PROFIT ON DISPOSAL
    * CASH FLOW GENERATED FROM OPERATIONS DURING Q1 2022
(EXCLUDING
PROCEEDS FROM DIVESTMENT OF FINANCE ASSETS) IS EXPECTED TO
AMOUNT TO APPROXIMATELY EUR 1.3M, IMPACTED BY NEGATIVE WORKING
CAPITAL DEVELOPMENT IN QUARTER
    * FOLLOWING STRONG START TO 2022, ACROUD IS EXPECTED TO
REACH
BETWEEN EUR8M AND EUR 10M IN EBITDA DURING YEAR

Source text for Eikon:  ID:nWkr3Rs5Kl 
Further company coverage:  ACROUD.ST 

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