Q: Your thoughts on Topicus quarter, please. Do you expect the market reaction to be better than Lumine ?
Thank You
Thank You
5i Research Answer:
Revenues were up 24%, to 387.9 mln euros, with 3% organic growth, essentially in-line. EPS was -0.94 EUR largely due to the accounting treatment of their Asseco acquisition. Operating cash flow rose to 48.4 mln EUR and free cash flow to shareholders was 22.3 mln EUR. Outside of general market volatility, we think markets will be more receptive of this report given the growth.