ABC Data S.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months of 2018; Provides Sales Guidance for the Fourth Quarter of 2018
The company reported total in the three quarters of 2018 its revenues amounted to PLN 3,087.5 million. The Group managed to maintain a similar year-on-year level of revenue, when it comes to the first 9 months of 2018. After the first three quarters of 2018, EBITDA amounted to PLN 13.1 million down 58% year on year. Its level was significantly affected by one-off events: the correction of VAT declaration for the second quarter of 2014 and exchange rate fluctuations). If these events were excluded, the Group's EBITDA would reach PLN 21.4 million after the first three quarters of 2018. In addition, the Group's profits this year have been affected by the rising labor costs, both in Poland and in the CEE region, as well as higher transportation costs.
In the fourth quarter of 2018, the company expects sales growth in the hardware segment as well as continuation of good sales of Apple and Xiaomi devices.