Brief: IT Competence Group Q3 EBITDA Stable At EUR 0.3 Million

Audius SE

07/11/2019 15:37

Nov 7 (Reuters) - IT COMPETENCE GROUP SE  3IT.F :
    * REVENUES IN Q3 € 6.1 MILLION, BELOW PREVIOUS YEAR ( Q3
2018: €
6.4 MILLION)
    * IN FIRST NINE MONTHS, COMPANY WAS ABLE TO INCREASE SALES
BY 9%
TO 18.8 MILLION EUROS (PREVIOUS YEAR 2018: 17.3 MILLION EUROS)
    * THIRD-QUARTER EBITDA REMAINED STABLE AT THE LEVEL OF THE
PREVIOUS QUARTERS, AT EUR 0.3 MILLION
    * AT EUR 0.9 MILLION, THE OPERATING RESULT FOR THE FIRST
NINE
MONTHS WAS EXACTLY AT THE LEVEL OF THE PREVIOUS RECORD YEAR
    * ALREADY IN 2020, MANAGEMENT EXPECTS RISING EARNINGS
    * COMPANY IS UNLIKELY TO REACH ITS TARGETS OF SALES OF MORE
THAN
EUR 26 MILLION AND EBITDA OF AT LEAST EUR 1.5 MILLION
    * EXECUTIVE BOARD NOW EXPECTS SALES TO ONLY SLIGHTLY EXCEED
THE
PREVIOUS YEAR'S LEVEL OF € 24 - 25 MILLION WITH A SLIGHT DECLINE
IN EBITDA IN THE RANGE OF € 1.2 - 1.3 MILLION COMPARED TO THE
PREVIOUS YEAR
    * MEDIUM TO LONG-TERM GOAL OF INCREASING MARGINS AND THUS
THE KEY
EARNINGS FIGURES HAS COME MUCH CLOSER
    * THERE WILL BE ONE-OFF EXTRAORDINARY RESTRUCTURING COSTS IN
THE
CURRENT QUARTER

Source text for Eikon:  ID:nEQ6mQNY0a 
Further company coverage:  3IT.F 

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