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Comment on financial results: Avast (Under revision, 12m target = under revision) - Excellent results led to increased guidance

8/14/2019 2:47 PM

Results: Our estimates for 1H19 results were based on management guidelines even though all estimated results exceeded our estimates more or less. Adjusted billings (i.e. total paid amount for services including subscriptions for the following years) grew 6.8% to $459.6m. The consumer direct segment contributed the most to this growth. Adjusted revenue grew 5.8% to $426.8m. Profitability measured as adjusted EBITDA rose 6.5% to $236.5m. The adjusted EBITDA margin grew 36bps to 55.4%.

Autor: Jiří Kostka
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