Brief: Otovo Q1 Revenue Triples

Otovo ASA

04/05/2023 06:26

May 4 (Reuters) - Otovo ASA  OTOVO.OL :
    * Q1 NOK 408M REVENUE GENERATED, VERSUS NOK 135M SAME
QUARTER LAST
YEAR, UP 3.0X
    * Q1 NOK 281M TOTAL REVENUES (IFRS) VERSUS NOK 112M SAME
QUARTER
LAST YEAR, UP 2.5X
    * ADJUSTING 1H 23 TARGETS UPWARDS - EXPECTED TO COME IN
ABOVE NOK
850M, NEARLY 30% ABOVE PREVIOUS ESTIMATES
    * Q1 OPERATING LOSS NOK 98.0 MILLION VERSUS LOSS NOK 69.5
MILLION
YEAR AGO

Source text for Eikon:  ID:nObi3sXzRa 
Further company coverage:  OTOVO.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))