Smartphoto Group FY Revenue, Adj. Ebitda Beat Estimates

Smartphoto Group reported FY revenue and adjusted Ebitda that beat the analyst estimates, according to emailed statement.

• FY preliminary rev. EU51.5 million, +11% y/y, vs est. EU50.3 million
• FY Ebitda before application of IFRS16 EU7.9 million, +14% y/y, vs est. EU7.5 million
• FY Ebitda after application of IFRS16 EU8.8 million
• Net cash position EU8.2 million at year-end, or little changed at EU10.3 million when not applying IFRS16 accounting rule on lease liabilities
• Final earnings due March 3, before market opening

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