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SWON SoftwareOne Holding AG News Story

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SoftwareOne up as first post-merger results beat expectations

** Shares in SoftwareOne SWON.S gain 3.7% after Q3 results, the first after the Crayon merger completion

** The group reported Q3 adjusted EBITDA of 65.2 Million Swiss francs ($82.2 million)

** "Adj. and reported EBITDA was better than we had estimated, driven by cost savings and cost synergies," say Zuercher Kantonalbank analysts

** The results are a "first positive step into the joint future" with Crayon, the broker adds

** Stock up 31% YTD

($1 = 0.7931 Swiss francs)

 (Reporting by Paolo Laudani in Gdansk)

 ((Paolo.laudani@thomsonreuters.com))

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