Q3 2019 New Work SE Earnings Call Transcript
Good day, and welcome to the New Work SE Analyst Call Quarter 3 Results 2019 Conference Call. Today's conference is being recorded.
At this time, I would like to turn the conference over to Thomas Vollmoeller. Please go ahead, sir.
Hello, and welcome to our Q3 trading update. Today, I will guide you through this conference as Ingo currently enjoys a short 2-month sabbatical and will be back end of December.
Let's kick off with the key messages for today: a, our financial results developed nicely in Q3; b, we observed sound operational performance among our core segments, i.e., our core assets, both in B2C and also in B2B; c, our short- and midterm outlook for 2019 and 2020 remain unchanged.
Now let's get started with a look at our past quarter's core financials. Our group service revenues came in at EUR 68.2 million, a 17% increase over Q3 last year; 15% if you exclude the Honeypot acquisition. At 22%, profitability grew stronger compared to organic top line
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