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Austrian Website Holding AG, a leading digital company, has announced its financial results for the year 2016/17. The results were published on Wednesday, June 21, 2017, and the Annual General Meeting (AGM) to discuss these results is scheduled for Friday, July 21, 2017.
The company reported a revenue of €100 million for the year, an increase from previous years. The operating profit stood at €15 million, while the net profit was reported as €12.5 million. The operating expenses for the year totaled €85 million, and the net debt was €50 million as of the end of 2016/17.
The EBITDA margin for the year was 15%, indicating a strong performance in terms of profitability. The company's share price on the day of the results publication was €17.50.
In line with the positive financial performance, the dividend proposal for the 2016/17 financial year is €0.10 per share. The AGM will provide shareholders with an opportunity to discuss the results and the dividend proposal, as well as any other business matters.
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The financial results for the year 2016/17 revealed a significant increase in revenue for Austrian Website Holding AG, reaching €100 million. In terms of business, the company's strong performance is reflected in an EBITDA margin of 15%.
