Brief: Q-Free Q2 EBITDA Rises To NOK 35 Million

Q-Free ASA

09/07/2021 06:01

July 9 (Reuters) - Q-Free ASA  QFR.OL :
    * Q-FREE: SECOND QUARTER 2021 RESULTS
    * Q-FREE: SECOND QUARTER 2021 RESULTS
    * REPORTED REVENUES OF NOK 253 MILLION (223) IN Q2 OF 2021
AND AN
EBITDA OF NOK 35 MILLION (26)
    * COMPANY HAS A BACKLOG OF NOK 1.2 BILLION AND REITERATES
ITS
POSITIVE SHORT- AND LONG-TERM OUTLOOK.
    * IN Q2 OF 2021 Q-FREE GENERATED REVENUES OF NOK 253
MILLION, UP
13 PERCENT FROM NOK 223 MILLION IN CORRESPONDING QUARTER IN 2020
    * REITERATES ITS 2025 AMBITIONS OF NOK 1.3-1.5 BILLION IN
REVENUES
AND AN EBITDA MARGIN IN 15-20 PERCENT RANGE
    * OUTLOOK FOR 2021 REMAINS POSITIVE DESPITE GLOBAL SUPPLY
CONSTRAINTS FOR MICROCONTROLLERS THAT WILL NEGATIVELY IMPACT TAG
SALES IN SECOND HALF OF YEAR.

Source text for Eikon:  ID:nWkr9VQP4G 
Further company coverage:  QFR.OL 

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