Brief: Q-Free Q3 EBITDA Up At NOK 32 Mln

Q-Free ASA

28/10/2020 06:16

Oct 28 (Reuters) - Q-Free ASA  QFR.OL :
    * Q-FREE: STRONG THIRD QUARTER 2020 RESULTS
    * Q3: 210 MNOK IN REVENUES, DOWN 13% YOY AMID REDUCED
PRODUCT
SALES AND DELAYED PROJECT DELIVERIES CAUSED BY COVID-19
    * Q3 2020: 32 MNOK IN EBITDA (15% MARGIN), UP FROM 31 MNOK
IN
Q3-19
    * IN Q3  2020, 1 169 MNOK IN ORDER BACKLOG, UP 7% YOY AND
12% QOQ
    * PROFITABILITY IS EXPECTED TO REMAIN SOLID IN COMING
QUARTERS
    * COMPANY NOW HAS SUFFICIENT CAPITAL TO FUND ONGOING
DEVELOPMENT
INITIATIVES/DELIVERY PROJECTS AND PLANNED INVESTMENTS
    * OUTLOOK FOR Q4 AND 2021 IS POSITIVE

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

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