Brief: Suse Q2 Adj. EBIT At $52.4 Mln

Suse SA

07/07/2022 06:38

July 7 (Reuters) - Suse SA  SUSEG.DE :
    * DGAP-NEWS: SUSE S.A.: Q2 RESULTS DEMONSTRATE THE STRENGTH
OF
SUSE’S MISSION-CRITICAL SUBSCRIPTION BUSINESS
    * EXPECTS RESULTS FOR FULL YEAR TO BE BROADLY IN LINE WITH
PREVIOUS GUIDANCE
    * Q2 ADJUSTED EBITDA AT USD 58.6 MILLION
    * Q2 ADJUSTED REVENUE AT USD 161.3 MILLION
    * Q2 ADJUSTED REVENUE GROWTH WAS 18%, 19% AT CONSTANT
CURRENCY
    * H1 ADJUSTED REVENUE AT USD 316.3 MILLION
    * Q2 ADJUSTED UNLEVERED FREE CASH FLOW WAS $37.7 MILLION,
WITH
CASH CONVERSION OF 64%, IMPACTED BY TIMING OF BILLINGS AND
CUSTOMER PAYMENTS REFLECTING NORMAL CASH CYCLES
    * Q2 ADJUSTED EBIT AT USD 52.4 MILLION
    * H1 ADJUSTED EBITDA AT USD 110.9 MILLION
    * SUSE EXPECTS RESULTS FOR FULL YEAR TO BE BROADLY IN LINE
WITH
PREVIOUS GUIDANCE
    * WIDER MACRO-ECONOMIC ENVIRONMENT IS HAVING SOME IMPACT ON
OUR
BUSINESS, PRIMARILY IN OUR EMERGING SEGMENT - WHILE EMERGING ACV
GROWTH REMAINS STRONG, WE NOW EXPECT GROWTH OF AROUND 50% IN
2022
    * Q2 ADJUSTED PROFIT BEFORE TAX AT USD 42.4 MILLION

Source text for Eikon:  ID:nEQ1HttQDa 
Further company coverage:  SUSEG.DE 

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