Brief: Q.Beyond Further Specification Of "2020Plus" Growth Strategy

QBeyond AG

17/11/2020 07:47

Nov 17 (Reuters) - Q.BEYOND AG  QBYn.DE :
    * FURTHER SPECIFICATION OF "2020PLUS" GROWTH STRATEGY
    * REVENUE GROWTH AVERAGING 17% TO 18% IN CLOUD & IOT
BUSINESS AND
14% TO 15% IN SAP BUSINESS LEADS TO REVENUES OF EUR 200 MILLION
IN 2022
    * FOR 2022, Q.BEYOND HAS BUDGETED REVENUES OF EUR 200
MILLION, AN
EBITDA MARGIN OF MORE THAN 10% AND SUSTAINABLY POSITIVE FREE
CASH FLOW.
    * AIMS TO GENERATE SUSTAINABLY POSITIVE EBITDA FOR CURRENT
Q4 OF
2020 ALREADY
    * FROM Q4 OF 2021, IT PLANS TO GENERATE SUSTAINABLY POSITIVE
FREE
CASH FLOW AS WELL
    * HAS INCREASED ITS REVENUES FOR FIVE CONSECUTIVE QUARTERS
AND
EXPECTS TO SEE DOUBLE-DIGIT GROWTH IN Q4 OF 2020.

Source text for Eikon:  ID:nEQbvzjJQa 
Further company coverage:  QBYn.DE 

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