Novabase Reports Consolidated Earnings Results for the Year Ended December 31, 2017; Provides Earnings Guidance for 2018
February 21, 2018
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Novabase reported consolidated earnings results for the year ended December 31, 2017. For the year, the company reported sale of goods of EUR 159,000 against EUR 101,000 a year ago. Gross net profit(EBITDA) was of EUR 10,915,000 against EUR 5,905,000 a year ago. Operating profit was of EUR 7,705,000 against EUR 2,120,000 a year ago. EBT was EUR 7,822,000 compared to EUR 1,169,000 a year ago. Net profit from continuing operations was EUR 6,440 compared to loss of EUR 1,833,000 a year ago. Attributable profit was EUR 4,774,000 compared to EUR 9,577,000 a year ago.
For the year 2018, the company expected turnover of EUR 140 million with an EBITDA of EUR 8 million.
Novabase S.G.P.S., S.A. is Portugal's number one computing company. The company currently has offices in Portugal, Angola, Mozambique, Spain, the United Kingdom, the Netherlands, the Middle East and Turkey. Novabase S.G.P.S., S.A.'s mission is to make life easier and more enjoyable for people and companies through the use of technology. Engineering and management combine with human sciences and design to create solutions focused on people.
NOVABASE S.G.P.S., S.A. 
