Brief: Eqva Hikes Revenues, EBITDA Margin Guidance

Eqva ASA

29/08/2024 06:13

Aug 29 (Reuters) - Eqva ASA  EQVA.OL :
    * H1 GROUP REVENUES OF NOK 509 MILLION, A GROWTH OF 53
PERCENT
COMPARED TO CORRESPONDING PERIOD IN 2023
    * EBITDA FIRST HALF YEAR WAS NOK 62 MILLION (NOK 19 MILLION
SAME
PERIOD IN 2023)
    * H1 EBITDA MARGIN WAS 12.3 PERCENT, UP FROM 5.7 PERCENT IN
FIRST
HALF OF 2023
    * EQVA ESTIMATES 2024 REVENUES IN RANGE OF NOK 750-850
MILLION, AN
INCREASE OF NOK 100 MILLION FROM PREVIOUS Q1 2024 GUIDING
    * RAISES ITS EXPECTED EBITDA MARGIN TO 6-8%, UP FROM 5-7 %
FROM
ITS Q1 2024 GUIDING
    * COMPANY IS PROGRESSING STEADILY TOWARDS ACHIEVING ITS GOAL
OF
LONG-TERM EBITDA MARGIN BETWEEN 7-9 PERCENT

Source text for Eikon:  ID:nObiC9mbTa 
Further company coverage:  EQVA.OL 

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