Avast made a net profit of USD 43.3 mil with revenues of USD 217 mil in 2Q2020, down by 23.6% and up by 1.25%, respectively, compared to the previous year. This translates into a net margin of 20.0%.
On the operating level, EBITDA reached USD 92.5 mil, down 17% compared to the previous year. Over the last five years, the company's EBITDA has risen 17.9% a year on average.
The company generated cash, defined by a sum of net profit and depreciation, of USD 48.0 mil or 22.2% of sales. When investments are excluded, free cash flow reached USD 103 mil, or 47.6% of sales in 2Q2020.
In the last five years, the company generated free cash flow of USD -101 mil. That compares to a cumulative net profit of USD 620 mil in the same period.