Brief: Safeture Q2 Loss After Financials Narrows To SEK 4.3 Million

Safeture AB

20/07/2022 07:07

July 20 (Reuters) - Safeture AB  SFTR.ST :
    * Q2 NET REVENUE AMOUNTED TO 8 861 (6 600) TSEK, AN INCREASE
OF
+34,3% COMPARED TO SAME PERIOD LAST YEAR
    * Q2 ANNUAL RECURRING REVENUE (ARR) GROWTH OF 29% TO 37,3
MSEK
    * Q2 OPERATIVE RESULT IMPROVES WITH +1,3 MSEK COMPARED TO
LAST
YEAR. BOTTOM-LINE RESULT AT -48% OF NET SALES COMPARED TO -85%
ONE YEAR AGO
    * Q2 LOSS AFTER FINANCIALS AMOUNTED TO -4 292 (-5 648) TSEK
    * DELIVERY IN LINE WITH TARGETS
    * OUR EXPECTATIONS FOR Q2 WERE LOWER THAN NORMAL DUE TO
SITUATION
IN UKRAINE, WHICH HAS KEPT OUR GLOBAL PARTNER NETWORK OCCUPIED
WITH EMERGENCY EVACUATIONS ASSISTANCE SERVICES
    * OUTLOOK Q3: WE ANTICIPATE A SLOWER START IN QUARTER, BUT
PACE
WILL PICK UP AGAIN IN SEPTEMBER WHEN TRADE FAIR SEASON STARTS

Source text for Eikon:  ID:nWkrp4RRq 
Further company coverage:  SFTR.ST 

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