Reditus, SGPS, SA Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2017
November 30, 2017
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Reditus, SGPS, SA reported consolidated earnings results for the nine months ended September 30, 2017. For the period, the company’s sales were EUR 947,184 compared to EUR 811,716 a year ago. Total operating revenues were EUR 31,535,363 compared to EUR 33,859,497 a year ago. Net operating income was EUR 1,850,301 compared to EUR 503,000 a year ago. Income before taxes was EUR 225,121 compared to loss of EUR 1,280,254 a year ago. Net income was EUR 92,133 compared to EUR 288,285 a year ago. Income from continued operations was EUR 92,133 against loss of EUR 1,442,427 a year ago. EBITDA was EUR 3,942,251 compared to EUR 2,618,650 a year ago. Net debt was EUR 60.7 million.
Reditus SGPS, S.A. is a leading Portuguese computing services provider. Net sales break down by activity as follows:
- business process outsourcing services (53.1%): contact center management, telemarketing, customer relationship management, mail processing, document management and archiving, digitization services, loan treatment, etc.;
- integration and management of computer systems (32,1%): deployment of network systems, Internet and security applications, software development, maintenance and training services, computer fleet management, etc.;
- information technology consulting services (14,8%).
Portugal accounts for 76.6% of net sales.