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Poly more than doubles quarterly EBITDA, revenues up 26%

Friday 5 February 2021 | 10:48 CET | News
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Poly reported better-than-expected results for its fiscal third quarter to December, as remote working drove demand for its communications products. Revenues rose 26 percent to USD 485 million, and adjusted EBITDA more than doubled, to USD 100 million from USD 43 million a year ago. Adjusted EPS jumped to USD 1.47 from USD 0.30, well ahead of the company's guidance. Poly said the improved profitability and cash flow will help it accelerate debt reduction.

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Categories: Fixed
Companies: Poly
Countries: World
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