Brief: Q.beyond FY Revenues Up 13% To EUR 143.4 Million

QBeyond AG

26/01/2021 06:33

Jan 26 (Reuters) - q.beyond AG  QBYn.DE :
    * Q.BEYOND GENERATES SUBSTANTIAL GROWTH IN 2020 AND MEETS
ALL
TARGETS
    * FY REVENUES BASED ON PRELIMINARY CALCULATIONS UP 13% TO
EUR
143.4 MILLION
    * RECORD NEW ORDERS OF EUR 161 MILLION IN 2020 PROVIDE
SUPERB
BASIS FOR DOUBLE-DIGIT GROWTH IN 2021 AS WELL
    * AS FORECAST, POSITIVE EBITDA FOR Q4 OF 2020
    * FY EBITDA STOOD AT UP TO EUR -5 MILLION AND FREE CASH FLOW
AT UP
TO EUR -16 MILLION.
    * FOR 2022, Q.BEYOND HAS BUDGETED REVENUES OF EUR 200
MILLION, AN
EBITDA MARGIN OF MORE THAN 10% AND A SUSTAINABLY POSITIVE FREE
CASH FLOW.
    * COMPANY WILL GENERATE A POSITIVE FREE CASH FLOW FROM Q4 OF
2021
ALREADY.

Source text for Eikon:  ID:nEQ5SNlTFa 
Further company coverage:  QBYn.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))