Maconomy secured a sizeable earnings boost with a profit margin of 13% in the third quarter. Maconomy delivered an EBITDA profit of DKK 6.3 million, up DKK 1.5 million from Q3 2008, even on marginally lower revenue. The quarter brought a number of exciting deals in entirely new client segments. Maconomy maintains its full-year expectations for revenue of DKK 215 million with an EBITDA profit of DKK 15 million.
“It has been an exciting quarter where we got our foot in the door in a number of attractive industries and entirely new markets. We carried out a number of important cost reductions in thespring, designed to firm up our full-year profit outlook despite lower licence revenue. That effort is clearly evident in the third quarter results. Accordingly, we maintain our expectations for a full-year EBITDA profit of DKK 15 million on revenue of DKK 215 million,” says CEO Hugo Dorph, Maconomy.
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