Digia’s end result was consistent with expectations, however turnover exceeded forecasts – Retains its steering unchanged – Muricas News

The corporate’s working revenue earlier than intangible depreciation (EBITA) was EUR 4.9 million in January-March, which was additionally consistent with the consensus forecast. A 12 months in the past, in the identical interval, the ebita end result was 5.1 million euros. The forecasts have been within the vary of 4.6–5.2 million euros.

“In the course of the evaluate interval, we invested in operationalizing our technique and reorganization, so the evaluate interval included roughly EUR 0.7 million in non-recurring bills. Uncertainty within the international economic system has been mirrored in demand in spots. We now have noticed a partial slowdown in decision-making and warning in particular person clients, however total demand has continued to be secure in the course of the first quarter”, CEO Timo Levoranta says within the announcement.

Nonetheless, the working end result (ebit) exceeded expectations. It was 4.2 million euros, whereas analysts estimated that it fell within the first quarter from 4.5 million euros within the comparability interval to three.9 million euros. The bottom forecast of the three analysts is 3.5 million euros and the best is 4.3 million euros.

Internet gross sales additionally exceeded the consensus forecast. The highest line of the earnings assertion was EUR 50.0 million within the first a part of the 12 months. Consensus anticipated turnover to extend by round seven p.c to 45.3 million euros from 42.5 million euros within the comparability interval.

In accordance with CEO Levoranna, turnover grew organically by 10.6 p.c. General, turnover elevated by 17.8 p.c from the comparability interval.

“The turnover of our digital providers elevated, and particularly the demand for our knowledge and analytics providers and our help providers was robust,” says CEO Levoranta.

Digia retains its revenue steering unchanged. The corporate expects that the turnover and ebita end result will improve in comparison with the earlier 12 months.