At 30 September 2021, net debt / LTM ("last twelve months") Adjusted EBITDA per the banking covenant was 0.8x.Īvast reaffirms its FY 2021 outlook for Revenue to be at the upper end of 6 – 8 percent growth, and a broadly flat Adjusted EBITDA margin percentage. For the year to date, Adjusted EBITDA increased 8.1% to $397.1m, resulting in an Adjusted EBITDA margin year to date of 56.4% 4. While we continue to see competitive pressures on customer acquisition, as previously indicated a number of initiatives are underway to drive customer engagement, acquisition and retention, including the rollout of our flagship Avast One platform, which commenced during the quarter.įor the third quarter, Adjusted EBITDA increased 0.8% to $127.0m. The core Consumer Direct business performed broadly in line with expectations as our other segments saw more muted billings growth. Billings growth accelerated through the quarter and we expect H2 billings growth of mid to high single digits. For the year to date, Revenue of $704.0m was up by 8.8% on an organic basis, and 6.8% at actual rates. Acquisitions, Disposals andįor the third quarter, Revenue of $232.7m was up by 5.6% on an organic basis 1, and 3.0% at actual rates.
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