Brief: Pexip Holding Q1 Negative EBITDA Margin Narrows To 23%

Pexip Holding ASA

12/05/2022 15:43

May 12 (Reuters) - Pexip Holding ASA  PEXIP.OL :
    * Q1 ARR REACHED USD 105.6 MILLION, REFLECTING A 21% GROWTH
YEAR-ON-YEAR
    * Q1 REVENUES WERE AT NOK 222.5 MILLION, 24% GROWTH
YEAR-ON-YEAR
    * Q1 EBITDA WAS AT NEGATIVE NOK 51.8 MILLION, REPRESENTING A
NEGATIVE 23% EBITDA MARGIN COMPARED TO A NEGATIVE 30% EBITDA
MARGIN IN Q1 2021
    * TARGETS A RETURN TO POSITIVE EBITDA IN Q4 2022 AND FOR
FULL YEAR
2023

Source text for Eikon:  ID:nWkrhN1BD 
Further company coverage:  PEXIP.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))