Brief: Vitec Software Group Q1 Pre-Tax Profit Up At SEK 33.4 Mln

Vitec Software AB (publ)

10/04/2019 12:05

April 10 (Reuters) - Vitec Software Group AB (publ)
 VITb.ST :
    * CONTINUED GROWTH AND STRONG CASH FLOW
    * Q1 NET SALES SEK 279 MILLION VERSUS SEK 222 MILLION YEAR
AGO
    * Q1 PRE-TAX PROFIT SEK 33.4 MILLION VERSUS SEK 25.1 MILLION
YEAR
AGO
    * OUR FINANCIAL POSITION IS SOLID AND WE ARE WELL PREPARED
FOR
FUTURE ACQUISITIONS AND FOR CONTINUED ACQUISITION-BASED GROWT
    * Q1 GROWTH LARGELY DUE TO CONTINUED GROWTH IN RECURRING
REVENUES
    * SUPPORTED BY OUR ACQUISITION OF WELL-ESTABLISHED COMPANIES
AND A
HIGH AND INCREASING PERCENTAGE OF RECURRING REVENUES, VITEC WILL
STAY ITS COURSE

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

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