Brief: Suse Q3 Ifrs Revenue At $ 173 Mln, Up 2% Y/Y

Suse SA

30/08/2023 06:37

Aug 30 (Reuters) - SUSE SA  SUSEG.DE :
    * Q3 FY23 QUARTERLY STATEMENT
    * Q3 IFRS REVENUE OF $173 MILLION WAS UP 2% VERSUS PRIOR
YEAR, AND
IFRS OPERATING PROFIT BEFORE D&A WAS $36 MILLION, DOWN 11%,
REFLECTING CONTINUED INVESTMENTS IN INITIATIVES TO SUPPORT
FUTURE GROWTH
    * ARR (AS AT APRIL 30, 2023) OF $665 MILLION WAS UP 4%
    * ADJUSTED REVENUE OF $173 MILLION, UP 1% (SAME AT CONSTANT
CURRENCY), WAS SUPPORTED BY EARLIER-THAN-EXPECTED REVENUE FROM
RETROSPECTIVE CONSUMPTION CONTRACTS
    * ADJUSTED EBITDA MARGIN OF 32%, DOWN 6 PPT, ALSO REFLECTS
INVESTMENTS INTO INITIATIVES TO SUPPORT FUTURE GROWTH, INCLUDING
IN RESEARCH AND DEVELOPMENT
    * ADJUSTED UNLEVERED FREE CASH FLOW OF $60 MILLION, DOWN 2%,
WITH
CASH CONVERSION OF 108%, WAS SUPPORTED BY A CORE WORKING CAPITAL
INFLOW
    * DURING Q3 FY23 AND SINCE END OF QUARTER, SUSE'S
EXPECTATIONS FOR
FUTURE PERFORMANCE AND MARKET OUTLOOKS HAVE NOT CHANGED
MATERIALLY
    * INTERIM DIVIDEND WILL BE FUNDED BY SUSE THROUGH A
COMBINATION OF
EXISTING CASH AND ADDITIONAL BORROWING AND WILL BE PAID TO ALL
SHAREHOLDERS

Source text for Eikon:  ID:nEQ9H4dzra 
Further company coverage:  SUSEG.DE 

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