Avast increased revenues to USD 659.1m.

Published: 14.12.2020 Related countries:  Czech Republic Czech Republic

Software group Avast has posted for 1-3Q 2020 adjusted revenues of USD 659.1m.

 

Software group Avast has posted for 1-3Q 2020 adjusted revenues of USD 659.1m. They grew 7.3 % y/y, or 1.9 % at current exchange rates. The adjusted EBITDA indicator increased by 2.5 % to USD 367.3m and the adjusted EBITDA margin totaled 55.7 %. In 3Q alone Avast registered USD 226.0m in revenues (+8.6 %, resp. +2.6 % at current exchange rates). The EBITDA indicator increased by 3.3 % to USD 126.0m. As a result of strong demand in 2Q, the growth of revenues is expected to continue to outperform the growth of the volume of invoices in 2H. The group has once again confirmed its outlook for the entire year, with revenues at the top end of mediumrange single-digital growth and the percent of the EBITDA margin generally flat.

www.cianews.cz