Brief: Pexip Q2 Rev Up At NOK 177.1 Mln

Pexip Holding ASA

12/08/2021 15:35

Aug 12 (Reuters) - Pexip Holding ASA  PEXIP.OL :
    * SOLID GROWTH DRIVEN BY SALES TO NEW CUSTOMERS
    * REVENUE IN Q2 WAS NOK 177.1 MILLION, UP 8.5% FROM NOK 163.1 MILLION IN Q2 2020, DRIVEN BY
HIGHER
REVENUES FROM PEXIP AS-A-SERVICE TO NEW CUSTOMERS.
    * REPORTED EBITDA IN Q2 WAS NEGATIVE NOK 40.6 MILLION, REFLECTING A NEGATIVE 23% MARGIN,
DOWN FROM
NOK 5.9 MILLION IN Q2 2020
    * PEXIP INTENDS TO DEPLOY UP TO 70% OF NET PROCEEDS FROM IPO OVER NEXT TWO TO THREE YEARS
    * AS PEXIP EXITS INVESTMENT PERIOD, COMPANY EXPECTS ABOVE 25% EBITDA-RATE IN 2025 TOGETHER
WITH
REVENUE GROWTH ABOVE 25%

Source text for Eikon:  ID:nWkrc9v8Lh 
Further company coverage:  PEXIP.OL 

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