Brief: Noventiq Says Qtrly Gross Profit Rose 75 Pct To 71.4 Mln USD

Noventiq Holdings

28/02/2023 07:25

Feb 28 (Reuters) - Noventiq Holdings Plc  SFTLq.L :
    * Q3 TRADING UPDATE
    * Q3 GROSS PROFIT ROSE 75 PERCENT TO 71.4 MILLION USD
    * Q3 2022 TURNOVER WAS $398.8M, AN INCREASE OF 45% IN USD,
AND 57%
IN CONSTANT CURRENCY
    * EXPECTS TO DELIVER TURNOVER GROWTH OF AT LEAST 34% IN
REPORTED
CURRENCY IN FY2022
    * NOW EXPECTS GROSS PROFIT MARGIN ABOVE RANGE OF 13 TO 14%
FOR
FY2022, UP FROM PRIOR GUIDANCE OF UPPER END OF RANGE
    * EXPECTS TO DELIVER ADJUSTED EBITDA MARGIN ON GROSS PROFIT
OF LOW
DOUBLE DIGITS IN FY22.

Source text for Eikon:  ID:nRSb2091Ra 
Further company coverage:  SFTLq.L 

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