2021/03/25
Keyware publishes its annual result of 2020
EBITDA consolidates in a corona year with two lockdowns
Brussels, Belgium - 25 March 2021 - Keyware (EURONEXT Brussels: KEYW) a leading provider of electronic payment and software development solutions, today publishes its results for the financial year ended 31 December 2020.
Keyware Technologies' 2020 financial year in summary
- Revenue decreases by kEUR 5,155 (-28.5 %) from kEUR 18,116 to kEUR 12,961 which is mainly attributable to the segment of authorisation revenues; the accounting treatment of a settlement with an acquirer leads to a different presentation of revenues and cost of sales, the gross margin remaining unchanged though
- EBITDA decreases by kEUR 186 (-6.2 %) from kEUR 2,998 to kEUR 2,812
- Profit before tax amounts to kEUR 173 and decreases by kEUR 687 (-79.9 %) from kEUR 860
- Net profit after tax amounts to kEUR 66 and decreases by kEUR 254 (- 79.4 %) from kEUR 320
- Financial debts have been reduced by kEUR 2,166 in 2020, decreasing from kEUR 4,209 at the end of 2019 to kEUR 2,043 at the end of 2020
- Net financial debt decreases by kEUR 2,770 (-67.9 %) from kEUR 4,082 at the end of 2019 to kEUR 1,312 at the end of 2020