Avast’s (AVST) preliminary numbers for 2018 – its first since flotation last May – were robust enough, although they were somewhat overshadowed by the news of chief executive Vince Steckler’s retirement this year. Chairman John Schwarz noted that Mr Steckler “has been the architect of the company's success over 10 years”. Mr Steckler was at the helm during Avast’s $1.3bn (£988m) acquisition of AVG Technologies in 2016, and its IPO.
IC TIP:
Hold