Brief: Vitec Software Group AB (Publ) - Q2 EBITA at SEK 96 Mln

Vitec Software AB (publ)

10/07/2020 07:12

July 10 (Reuters) - Vitec Software Group AB (publ)  VITb.ST :
    * INCREASED REVENUES AND FOCUS ON COSTS
    * VITEC SOFTWARE GROUP AB (PUBL) - Q2 NET SALES SEK 321 MILLION (291)
    * VITEC SOFTWARE GROUP AB (PUBL) - Q2 EBITA WAS SEK 96 MILLION (67), WITH AN EBITA MARGIN OF
30%
(23)
    * VITEC SOFTWARE GROUP AB (PUBL) - Q2 PROFIT AFTER NET FINANCIAL ITEMS SEK 61 MILLION (34)
    * VITEC SOFTWARE GROUP AB (PUBL) - OPERATIONS REMAINED ALMOST COMPLETELY INTACT DURING Q2.
    * VITEC SOFTWARE GROUP AB (PUBL) - WE HAVE BEEN SPARED FROM SEVERE CASES OF COVID-19 AND
SICK
LEAVE HAS BEEN LOW.
    * VITEC SOFTWARE GROUP AB (PUBL) - WE HAVE AT SAME TIME HAD ABOUT SEK 1 MILLION IN DIRECT
COSTS,
BUT HAVE NOT BEEN HIT BY CUSTOMER LOSSES OF MORE THAN A FEW HUNDRED THOUSAND SWEDISH KRONOR
    * VITEC SOFTWARE GROUP AB (PUBL) - OUR FINANCIAL POSITION IS SOLID AND WE ARE WELL PREPARED
FOR
FUTURE ACQUISITIONS AND FOR CONTINUED ACQUISITION-BASED GROWTH

Source text for Eikon:  ID:nWkr993hyH 
Further company coverage:  VITb.ST 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))