SoftwareOne seen down 8.55% after cutting FY 2024 guidance

SoftwareOne Holding AG

31/10/2024 07:33

** Shares in Swiss software company SoftwareOne  SWON.S  are
seen down 8.55% in Julius Baer pre-market indications after the
company cut its guidance for FY 2024 revenue growth and adjusted
EBITDA margin
    ** The company now expects FY revenue growth of 2-5%
(previously 7-9%) and an adjusted EBITDA margin of 21-23%
(previously 24.5-25.5%)
    ** The company is seen at the bottom of the Swiss mid-cap
index  .SMIM , underperforming the index, which is indicated
down 0.51%

 (Reporting by Bernadette Hogg)
 ((bernadette.hogg@thomsonreuters.com))