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Avast reiterates guidance after Q3 revenue growth

By Duncan Ferris

Date: Friday 18 Oct 2019

Avast reiterates guidance after Q3 revenue growth

(Sharecast News) - Avast on Friday reported third quarter adjusted revenue growth of 5% to £220.3m as it reaffirmed full year guidance of high single digit growth.

Third quarter adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 9% to $121.9m, with year-to-date adjusted EBITDA up 7% to $358.5m.

The FTSE 250-listed company also reported an adjusted EBITDA margin of 55.4% for the year to date.

The cybersecurity provider reaffirmed its full year guidance for adjusted revenue to be at the upper end of high single digit growth, when excluding foreign exchange effects, discontinued business and the sale of its managed workplace business.


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