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Datum: (38 dagen geleden)
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Q3 2020 RESULTS ICT GROUP

Strong third quarter; Revenue up 7%, EBITDA increased by 47% 

Highlights Q3 2020
  • Revenue up 7% to € 38.3 million (Q3 2019: € 35.9 million), organic revenue growth 3.5%
  • EBITDA increased 47% to € 4.7 million (Q3 2019: € 3.2 million); reflecting the effect of measures taken in H1
  • EBITDA margin increased to 12.2% compared to 8.8% in Q3 2019
Highlights 9M 2020
  • Revenue increased 3% to € 119.7 million (9M 2019: € 115.7 million)
  • Organic growth in Q3 compensated the slowdown earlier this year, resulting in flat organic growth YTD
  • EBITDA was up 13% to € 13.5 million (9M 2019: € 12.0 million)
Outlook
  • Management increases outlook: EBITDA full year 2020 expected in the range of € 18 to € 19 million
Key figures
image


Jos Blejie, CEO of ICT Group N.V.:
“We are pleased with the results achieved in the third quarter. The recovery that started in June continued during the summer months, resulting in productivity reaching the desired levels again towards the end of Q3. This translated in a positive revenue growth trend year to date. Business activity allowed for hiring again from June onwards, driving organic growth in the third quarter.

To date COVID-19 is having a limited impact on the business, primarily impacting the secondment activities, while the project business sustained its favourable development. Our nearshoring activities in Bulgaria continue their strong performance.

The cost reduction measures taken in the first half year are bearing fruit as evidenced by the strong increase in EBITDA in the third quarter, resulting in a solid improvement of our EBITDA margin to 12.2%.

Although uncertainties in relation to the COVID-19 pandemic limit our visibility, we increase our outlook for the remainder of the year, based on the strong third quarter results and the effects of the measures taken.” 
Laatste van ICT Group N.V.  
Q3 2020 RESULTS ICT GROUP

NedMobiel and Proficium join forces and continue as INNOCY B.V.

H1 2020 RESULTS ICT GROUP
Geplaatst:
Verstreken tijd: 38 dagen
ICT Group N.V. contact  

Logo ICT Group N.V.

  +31 (0)88 908 2000
  ict.eu
ICT Group N.V. sociaal  


ICT Group N.V. tweets  

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