Brief: Kollect On Demand Issues Trading Update For November 2020

Mashup Ireland AB

10/12/2020 07:08

Dec 10 (Reuters) - Kollect on Demand Holding AB (publ)
 KOLL.ST :
    * KOLLECT ON DEMAND HOLDING AB (PUBL) ISSUES A TRADING
UPDATE FOR
NOVEMBER 2020
    * KOLLECT RECORDS HIGHEST MONTHLY REVENUE WITH 59% REVENUE
GROWTH
YEAR-ON-YEAR AND SIGNIFICANT IMPROVEMENT IN GROSS MARGIN.
    * RECURRING REVENUES INCREASED 107% COMPARED TO NOVEMBER
2019 AND
WERE UP 11% ON PRIOR MONTH.
    * ON-RECURRING REVENUES INCREASED 27% WHEN COMPARED TO
NOVEMBER
2019 AND WERE UP 8% COMPARED TO OCTOBER 2020 REVENUES.
    * COMPANY SAW ITS CONCENTRATION ON MAINTAINING AND
INCREASING
GROSS MARGIN PAY OFF AS IT ACHIEVED 44% GROSS MARGIN AT A
CONSOLIDATED LEVEL IN MONTH.

Source text for Eikon:  ID:nMFNbptLw5 
Further company coverage:  KOLL.ST 

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