Brief: Kollect On Demand Holding Issues A Trading Update For December 2020

Mashup Ireland AB

14/01/2021 07:05

Jan 14 (Reuters) - Kollect on Demand Holding AB (publ)
 KOLL.ST :
    * KOLLECT ON DEMAND HOLDING AB (PUBL) ISSUES A TRADING
UPDATE FOR
DECEMBER 2020
    * RECURRING REVENUES IN DECEMBER 2020 INCREASED BY
APPROXIMATELY
89% COMPARED TO DECEMBER 2019 AND WERE ON A PAR WITH PRIOR MONTH
OF NOVEMBER 2020, NOTWITHSTANDING BANK HOLIDAYS OVER FESTIVE
PERIOD.
    * NON-RECURRING REVENUES INCREASED BY APPROXIMATELY 41% OVER
DECEMBER 2019 REVENUES, HOWEVER THEY WERE DOWN BY APPROXIMATELY
15% COMPARED TO NOVEMBER 2020 REVENUES
    * WHILE COMPANY PERFORMED WELL IN FIRST 3 WEEKS OF DECEMBER,
REDUCTION IN MONTH-ON-MONTH COMPARABLE FIGURES WAS DUE TO
HOLIDAY PERIOD AT END OF MONTH.
    * COMPANY MAINTAINED A GROSS MARGIN OF 44% AT A CONSOLIDATED
KOLLECT RECORDS 57% YEAR-ON-YEAR REVENUE GROWTH DRIVEN BY STRONG
GROWTH IN RECURRING REVENUE IN DECEMBER 2020.

Source text for Eikon:  ID:nMFN6mGM8G 
Further company coverage:  KOLL.ST 

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