Avast made a net profit of USD 68.1 mil with revenues of USD 223 mil in 4Q2019, up by 68% and up by 6.19%, respectively, compared to the previous year. This translates into a net margin of 30.5%.
On the operating level, EBITDA reached USD 117 mil, up 11.2% compared to the previous year. Over the last five years, the company's EBITDA has risen 0% a year on average.
The company generated cash, defined by a sum of net profit and depreciation, of USD 72.8 mil or 32.6% of sales. When investments are excluded, free cash flow reached USD 86.8 mil, or 38.9% of sales in 4Q2019.
In the last five years, the company generated free cash flow of USD -231 mil. That compares to a cumulative net profit of USD 569 mil in the same period.