Czech AVAST increased 2019 revenues to USD 873.1 millions

Published: 27.02.2020 Related countries:  New Zealand New Zealand, Australia Australia

The proposed final dividend payable in June 2020 total 10.3 cents per share.

For 2019 software group AVAST has posted a 5.6% y/y increase to USD 873.1 m in adjusted revenues. Its adjusted EBITDA indicator grew 7.9% to USDN 483m and net income increased by 19% to USD 322.3m. Its adjusted EBITDA margin totalled 55.3%. The number of the group’s paying product users increased to 12.62m (+3.5%). The average number of services used by one client increased to 1.45 (+4.2) and earnings per client increased by 3.6% to USD 51.02. AVAST CEO Ondřej Vlček stated that in 2020 he expects organic growth of revenues in the single digits and a stable ABITDA margin vale. The proposed final dividend payable in June 2020 totals 10.3 cents per share. The overall dividend for the year totals 14.7 cents per share (+8.1%).

Source: Cia News

Czech Trade office Sydney