Brief: Verimatrix Sees 2020 EBITDA Margin In Range Of 23% To 25% Of Revenue

Verimatrix SA

04/03/2020 17:00

March 4 (Reuters) - Verimatrix SA  VMX.PA :
    * $32.7 MILLION REVENUE IN Q4 2019, UP 19% YEAR-OVER-YEAR ON
A PRO
FORMA ADJUSTED BASIS
    * FY IFRS NET INCOME USD 26.4 MILLION VERSUS USD 3.4 MILLION
YEAR
AGO
    * FY NET LOSS FROM CONTINUING OPERATIONS -7.7 MILLION USD
VERSUS
-4.4 MILLION USD LOSS YEAR AGO
    * FOR FY $ 22.6 MILLION PRO FORMA EBITDA (21.2% OF REVENUE),
UP
51% YEAR-OVER-YEAR
    * SAYS 2021 OBJECTIVES UPDATED WITH NEW BUSINESS PERIMETER:
CORE
BUSINESS REVENUE OF USD 125 MILLION
    * FY $106.8 MILLION PRO FORMA ADJUSTED REVENUE, UP 9%
YEAR-OVER-YEAR
    * END-FY $54M IN CASH AND CASH EQUIVALENTS AND COMPANY
LARGELY
DELEVERAGED IN LESS THAN A YEAR
    * SAYS 2021 OBJECTIVES UPDATED WITH NEW BUSINESS PERIMETER:
EBITDA
MARGIN OF 26% OF REVENUE
    * EXPECTS 2020 HIGH-SINGLE DIGIT REVENUE GROWTH (FOR CORE
BUSINESS
EXCLUDING NFC LICENSING PROGRAM)
    * SEES 2020 EBITDA MARGIN IN A RANGE OF 23% TO 25% OF
REVENUE
    * NET DEBT STOOD AT $19.6 MILLION AT DEC 31, 2019

Source text for Eikon:  ID:nBw6q2Nx5a 
Further company coverage:  VMX.PA 

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