Q.beyond Q3 loss narrows on revenue growth; Increases full-year EBITDA outlook

COLOGNE (dpa-AFX) – q.beyond AG (QSCGF.PK), an IT service provider, reported on Monday a net loss of 0.9 million euros for the third quarter, less than a 4 million loss in the same quarter last year, which was in the first Line has helped through sales growth.

EBIT, or earnings before interest and taxes, amounted to a loss of 0.9 million euros, compared to a loss of 3.6 million euros in the previous year.

EBITDA or earnings before interest, taxes, depreciation and amortization rose from 0.1 million euros in the previous year to 2.2 million euros.

Quarterly sales rose from 45.4 million euros in the previous year to 47 million euros.

For the year as a whole, the company now expects EBITDA to increase by significantly more than 40 percent to between 8 and 10 million euros. Previously, EBITDA growth of at least 40 percent to between 8 and 10 million euros was expected.