Avast increased revenues

Published: 22.04.2021 Related countries:  Czech Republic Czech Republic

Avast reported a y/y increase in revenues of 10.5 % to USD 237.1m for 1Q 2021.

Avast ( Czech antivirus software company) reported a y/y increase in revenues of 10.5 % to USD 237.1m for 1Q 2021. Adjusted EBITDA increased 10.3 % to USD 133.7m. The final dividend payable in June 2021 is proposed at 11.2 cents per share. CEO Ondřej Vlček said that the year started well for Avast thanks to the continuing demand for security solutions, personal data protection and improving or optimizing equipment performance. On April 16, 2021, the company completed the sale of the Family Safety mobile division. It now expects organic revenue growth at the upper limit of 6 to 8 %. Adjusted EBITDA should remain stable due to investments.

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