Brief: Otovo Expects To See Growth In Sales In Second Half Versus First Half Of Year

Otovo ASA

20/08/2024 06:13

Aug 20 (Reuters) - Otovo ASA  OTOVO.OL :
    * OTOVO ASA: EXPECT TO SEE GROWTH IN SALES IN SECOND HALF
VERSUS
FIRST HALF
    * OTOVO ASA: IS READY TO INITIATE FURTHER COST REDUCTIONS IN
ORDER
TO ADD TO NOK 90M ANNUAL SAVINGS
    * OTOVO ASA: 1,827 PROJECTS INSTALLED IN Q2, UP 13%
SEQUENTIALLY,
DOWN 43% FROM SAME QUARTER LAST YEAR
    * OTOVO ASA: QTRLY TOTAL OPERATING INCOME CAME IN AT NOK
183M, UP
9% SEQUENTIALLY, DOWN 43% FROM SAME QUARTER LAST YEAR
    * OTOVO ASA: QTRLY OPERATING CASH FLOW NEGATIVE NOK 88M
    * OTOVO ASA: QTRLY REVENUES GENERATED INCREASED TO NOK 240M,
UP 5%
SINCE Q1

Source text for Eikon:  ID:nObiq6XXna 
Further company coverage:  OTOVO.OL 

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