Avast raises revenues to USD 214.6m

Published: 17.04.2020 Related countries:  India India

Czech SW group Avast achieved revenues of more then 200 million USD.





Software group Avast recorded adjusted revenues in the amount of


USD 214.6m in 1Q 2020. This represents an organic growth by 6.5%


y/y and 1.3% at current exchange rates. The adjusted indicator


EBITDA increased by 3.1% to USD 121.2m. The adjusted EBITDA


margin reached 56.5%. Total expected revenues for 2020 remain


unchanged. The board of directors keeps its recommendation for


the payment of the final dividend for 2019 at USD 0,103/share,


which represents a total volume of USD 105m. The planned dividend


pay-out date is June 25, 2020. The management has identified four


priorities in relation with the current COVID-19 outbreak including


the maintenance of the financial stability and discipline or the


uninterrupted provision of support for users and clients.

Source: www.cianews.cz

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