Strong performance in challenging environment
Infront ASA (INFRNT) today announced its interim results for Q2 2020 / Operating revenue was EUR 28.4 million (EUR 10.9 million), an increase of 160% from the same quarter last year / The increase reflects the inclusion of vwd Group
(PresseBox) - ?The second quarter of 2020 was both challenging and eventful for everyone at Infront. First and foremost, I am proud of how our employees responded to the lock-down and how fast we all adapted to working from home. I am also satisfied with how the COVID-19 outbreak has had little impact on our short-term projects. In May 2020, Infront successfully rolled out an MVP of the IPT-terminal to several of our clients in the DACH region. This marks a major step in our integration efforts, as our long-term goal is to offer similar products and solutions to clients, across regions.
While the current marked environment is marked by uncertainty, we remain optimistic about the future. Finance professionals need the right tools to make the right decisions. By focusing on offering state-of-the-art products and solutions at highly competitive prices, Infront will continue to be the smart alternative.? said Kristian Nesbak, CEO and founder of Infront.
Adjusted EBITDA was at EUR 5.0 million compared to EUR 2.1 million in Q2 2019. Reported EBITDA was EUR 4.1 million (EUR 1.0 million).
Infront generates most of its revenue from recurring subscription contracts for its services which represented about 98% of total sales for Q2 2020.
The interim report and presentation are also available on the investor relations pages at www.infrontfinance.com/...
Financial professionals across Europe and South Africa rely on Infront for flexible financial market solutions. Driven by curiosity, we innovate solutions to help you find what you''re looking for and make more informed decisions - faster, easier, smarter. We offer a powerful combination of global market data, electronic trading, news, and analytics, together with integrated solutions for data feeds, portfolio management, advisory and regulatory compliance.
Our solutions serve 3,600 customers with over 90,000 professional users. With support for your complete workflow, you can manage investment decisions, reduce costs, adapt to fast-changing market requirements and work more efficiently with ever-increasing amounts of information. Infront is simply the smart alternative.
As European leaders, we know local financial markets and have financial data experts near you for your support. More than 500 employees in 13 countries across Europe and South Africa apply their expertise to meet the challenges of our clients, ensuring they continuously receive the best solutions and services.
Infront is listed on the Oslo Stock Exchange.
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Financial professionals across Europe and South Africa rely on Infront for flexible financial market solutions. Driven by curiosity, we innovate solutions to help you find what you''re looking for and make more informed decisions - faster, easier, smarter. We offer a powerful combination of global market data, electronic trading, news, and analytics, together with integrated solutions for data feeds, portfolio management, advisory and regulatory compliance.Our solutions serve 3,600 customers with over 90,000 professional users. With support for your complete workflow, you can manage investment decisions, reduce costs, adapt to fast-changing market requirements and work more efficiently with ever-increasing amounts of information. Infront is simply the smart alternative.As European leaders, we know local financial markets and have financial data experts near you for your support. More than 500 employees in 13 countries across Europe and South Africa apply their expertise to meet the challenges of our clients, ensuring they continuously receive the best solutions and services.Infront is listed on the Oslo Stock Exchange.
Datum: 21.08.2020 - 03:36 Uhr
Sprache: Deutsch
News-ID 1560258
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Manufacturing & Production
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