Solid Q3 results in line with expectations
WIIT reported organic sales growth of c. +10% (+13% for WIIT Spa, the mother company) thanks to the continuation of a long-term trend of demand for cloud services, cyber security and smart working. On a reported basis, growth was +33%. The Adjusted EBITDA margin stood at 35.6%, roughly in line with our expectations and with the H1 2020 level. Net debt reached EUR93m thanks to good cash generation from NWC in the quarter, but was higher than in H1 20 (E ....

13 Nov 2020
Solid trends confirmed in Q3 2020

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Solid trends confirmed in Q3 2020
Solid Q3 results in line with expectations
WIIT reported organic sales growth of c. +10% (+13% for WIIT Spa, the mother company) thanks to the continuation of a long-term trend of demand for cloud services, cyber security and smart working. On a reported basis, growth was +33%. The Adjusted EBITDA margin stood at 35.6%, roughly in line with our expectations and with the H1 2020 level. Net debt reached EUR93m thanks to good cash generation from NWC in the quarter, but was higher than in H1 20 (E ....