Brief: Suse Q4 Revenue Up At $170.0 Mln

Suse SA

19/01/2023 06:34

Jan 19 (Reuters) - SUSE SA  SUSEG.DE :
    * SUSE'S SUBSCRIPTION BUSINESS DELIVERS RESILIENT
PROFITABILITY IN
Q4
    * Q4 IFRS OPERATING PROFIT 8.0 MILLION USD VERSUS 20.0
MILLION USD
LOSS YEAR AGO
    * Q4 REVENUE ROSE 12 PERCENT TO 170.0 MILLION USD
    * Q4 IFRS REVENUE OF $170 MILLION WAS UP 12%, AND Q4 IFRS
OPERATING PROFIT WAS $8 MILLION, UP FROM A LOSS OF $(20) MILLION
IN PRIOR YEAR
    * FY22 ADJUSTED REVENUE OF $658 MILLION, UP 14%, AND AN
ADJUSTED
EBITDA MARGIN OF 37%, IN LINE WITH GUIDANCE
    * IN FY23, SUSE EXPECTS TO DELIVER ADJUSTED REVENUE GROWTH
OF
11-13% AT CONSTANT CURRENCY, WITH REPORTED GROWTH AROUND 2 PPT
LOWER BASED ON END Q4 EXCHANGE RATES
    * SUSE ALSO EXPECTS ADJUSTED EBITDA MARGIN EXPANSION FROM
FY22
    * Q4 IFRS REVENUE OF $170 MILLION WAS UP 12%, AND Q4 IFRS
OPERATING PROFIT WAS $8 MILLION, UP FROM A LOSS OF $(20) MILLION
IN PRIOR YEAR
    * IN MEDIUM-TERM, SUSE NOW EXPECTS ADJUSTED REVENUE GROWTH
AROUND
MID-TO-HIGH TEENS PERCENT P.A., AND AN ADJUSTED EBITDA MARGIN IN
EXCESS OF 40%
    * IN FY23, SUSE EXPECTS TO DELIVER ADJUSTED REVENUE GROWTH
OF
11-13% AT CONSTANT CURRENCY, WITH REPORTED GROWTH AROUND 2 PPT
LOWER BASED ON END Q4 EXCHANGE RATES. SUSE ALSO EXPECTS ADJUSTED
EBITDA MARGIN EXPANSION FROM FY22
    * ADJUSTED EBITDA MARGIN WAS 39% FOR Q4, 37% FOR FY22, AS
SUSE
MAINTAINED ITS DISCIPLINED APPROACH TO INVESTMENTS TO BALANCE
GROWTH AND PROFITABILITY, SUPPORTED BY FOREIGN EXCHANGE
MOVEMENTS
    * IN MEDIUM-TERM, SUSE NOW EXPECTS ADJUSTED REVENUE GROWTH
AROUND
MID-TO-HIGH TEENS PERCENT P.A., AND AN ADJUSTED EBITDA MARGIN IN
EXCESS OF 40%

Source text for Eikon:  ID:nEQ9nJPQga 
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