Brief: Vitec Software Group Q2 EBITA Up At SEK 66.8 Million

Vitec Software AB (publ)

11/07/2019 07:38

July 11 (Reuters) - Vitec Software Group AB (publ)
 VITb.ST :
    * CONTINUED GROWTH AND STRONG CASH FLOW
    * APRIL-JUNE NET SALES SEK 290.8 MILLION (242.8)
    * APRIL-JUNE EBITA SEK 66.8 MILLION (50.1), WITH AN EBITA
MARGIN
OF 23.0% (20.6)
    * WE SEE A FAVORABLE TREND IN Q2 WITH STRONGER MARGINS AND
HIGHER
SALES - CEO
    * PERCENTAGE OF RECURRING REVENUES CONTINUES TO GROW, WHICH
IS IN
LINE WITH OUR STRATEGY - CEO
    * WE ARE WELL PREPARED FOR FUTURE ACQUISITIONS AND FOR
CONTINUED
ACQUISITION-BASED GROWTH - CEO

Source text for Eikon:  ID:nWkr9l3qTH 
Further company coverage:  VITb.ST 

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