Avast raises revenues to USD 472m in 1H22

Published: 10.08.2022 Related countries:  India India

Czech Avast Software Group reported adjusted revenue of USD 472.0m for 1H 2022. This represents organic growth of 2.7% y/y and 0.2% at current exchange rates. Adjusted EBITDA declined by 7.6% to USD 249.7m.

Avast Software Group reported adjusted revenue of USD 472.0m for 1H 2022. This represents organic growth of 2.7% y/y and 0.2% at current exchange rates. Adjusted EBITDA declined by 7.6% to USD 249.7m. Adjusted EBITDA margin was 52.9%. The 2021 dividend was 16 cents per share. The proposed interim dividend payable in August 2022 is 4.8 cents per share. Avast has suspended new business and renewals of existing business in Russia and Belarus due to the conflict in Ukraine, among other reasons. CEO Ondřej Vlček added that the business in the consumer and SME segments contributed USD 446.7m and USD 25.3m to total revenue, respectively. Adjusted EBITDA margin was impacted by high investments in customer acquisition and retention, the Digital Trust Services (DTS) segment and the acquisition of Canadian company SecureKey.


Source: www.cianews.cz

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