SoftwareOne reports "disappointing" Q3 results

SoftwareOne Holding AG

13/11/2024 06:18

ZURICH, Nov 13 (Reuters) - SoftwareOne Holding  SWON.S 
sales increased during its third quarter by 1.4%, the company
said on Wednesday, adding that discussions about taking it
private were progressing but were "challenging".
    Group revenues increased to 236.7 million Swiss francs
($268.06 million), while adjusted core operating profit fell
18.3% to 39.2 million francs.
    Chief Executive Raphael Erb, who became new CEO earlier this
month, said the results were "disappointing".
    "While certain regions continued to demonstrate momentum in
Q3 2024, our overall performance did not meet expectations," he
said.
    
($1 = 0.8830 Swiss francs)

 (Reporting by John Revill, Editing by Rachel More)
 ((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))