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Beskrivning

LandNorge
ListaOB Match
SektorInformationsteknik
IndustriKommunikation
Infront är en norsk finansiell koncern. Idag innehas specialisering mot lösningar för realtidsdata, handel, nyheter, samt bolags- och marknadsanalyser. Verksamheten utgår ifrån egenutvecklade terminaler. Utöver ägs ett flertal nordiska nyhetsmedier. Bolaget har verksamhet på global nivå, med störst närvaro på den europeiska - och nordiska marknaden. Infront etablerades 1998 och har sitt huvudkontor i Oslo.
2020-02-28 07:00:00
vwd integration making good progress 
- 92.9k professional users in Q4 2019 up from 17.9k in Q4 2018
- vwd integration process well underway - focused on capturing cost synergies
and exploring up- and cross-selling potential
- Combining the best of Infront and vwd into one solution will enable the group
to offer a more competitive multi-asset platform 

Q4 2019 group revenue increased 289% to EUR 28.5 million (EUR 7.3 million) 
- vwd Group the main contributor to Q4 growth with revenue of EUR 18.7 million 
- Full-year 2019 revenue for the combined group would have been EUR 115.3
million if vwd Group was consolidated from 1 January 2019

Q4 2019 adjusted EBITDA of EUR 4.8 million (EUR 1.3 million) 
- Positive y/y impact from inclusion of vwd Group and Infront Italia.
- Actual Q4 2019 EBITDA was EUR 6.3 million (EUR 0.8 million)
- Full-year 2019 adjusted EBITDA for the combined group would have been EUR 17.5
million if vwd Group was consolidated from 1 January 2019


Oslo, 28 February: Infront ASA (INFRNT) today announced its interim results for
Q4 2019. Q4 2019 operating revenue was EUR 28.5 million (EUR 7.3 million), an
increase of 289% from the same quarter last year, driven mainly by the inclusion
of vwd Group, full effect of Infront Italia and stable development across the
group. 

“We have made good progress with the integration of vwd Group focused on
leveraging our combined offering to reach more customers with a stronger product
portfolio and attaining cost synergies. Going into 2020, we grown our base of
professional users more than five-fold during 2019 and expanded into new markets
through successful delivery on our M&A strategy. We have built true scale and
position to compete and grow across all asset classes as a top-three provider of
financial terminals in Europe.,” said Kristian Nesbak, CEO and founder of
Infront.

Q4 2019 reported EBITDA was EUR 6.3 million. EBITDA reflects also a
reimbursement from the former vwd shareholders of EUR 1.6 million related to the
closing of a former vwd management benefits program. Transaction-related costs
had been mainly recognized already in Q3 2019. Revising for these effects,
adjusted EBITDA was at EUR 4.8 million compared to adjusted EBITDA of EUR 1.3
million in Q4 2018. Before implementation of IFRS 16, adjusted EBITDA amounted
to EUR 3.4 million (EUR 1.3 million). 

Infront generates most of its revenue from recurring subscription contracts for
its services. In 2019, Infront has continued to show steady subscription
revenue, which represented 95% of total sales in Q4 2019. Please find the full
financial report and presentation enclosed.

Webcast
CEO Kristian Nesbak and CFO Max Hofer will present the results via a webcast at
10.00 CET at: https://infrontfinance.com/ir/webcast-q4-2019/ 

The presenters are available for questions after the presentation, please
schedule a time via ir@infrontfinance.com. A recording of the presentation will
be available on the website shortly after the live webcast has ended.

For further information please contact: 
Kristian Nesbak, CEO of Infront, +47 940 04 000
Max Hofer, CFO of Infront, +47 971 48 953

The interim report and presentation are also available on the investor relations
pages at www.infrontfinance.com/investor-relations  

About Infront
Infront offers a powerful combination of global market data, news, analytics and
trading tools. With the recent acquisition of vwd Group, Infront’s product
coverage also includes data and feed solutions, solutions for portfolio
management and advisory, regulatory compliance as well as publication and
distribution solutions. Our combined 3,600 customers and over 90,000
professional users benefit from the highest level of expertise in regulation,
private wealth, market data and the frictionless interaction of the diverse
solutions and products covering their complete workflow. 

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.