202208 Aug

q.beyond: robust growth in a challenging environment

Summary

DGAP-News: q.beyond AG / Key word(s): Quarter Results/Half Year Results q.beyond: robust growth in a challenging environment The issuer is solely responsible for the content of this announcement. This ongoing high growth momentum was driven by success in the operating business with cloud, IoT and software as a service (SaaS) solutions, as well as by the targeted acquisitions made in the past year. Energy, previously the fourth focus sector, has been massively affected by the consequences of the war in Ukraine and will initially not be prioritising measures to modernise its IT. Given the risk of a recession and high inflation, q.beyond is prioritising the market maturity of the respective products and the ability of new subsidiaries to make positive earnings contributions from the outset. Based on this budget, q.beyond still plans for double-digit growth in its Cloud business, a significant increase in SaaS revenues and for the SAP segment to overcome the effects of the coronavirus pandemic.

Source: Yahoo

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