Brief: Tagmaster Q4 Adjusted EBITDA Amounted To SEK 8.7 Mln

TagMaster AB

30/01/2020 07:33

Jan 30 (Reuters) - TagMaster AB  TAGMb.ST :
    * YEAR END REPORT 2019
    * Q4 NET SALES INCREASED DURING Q4 BY 89,6% TO 83,5 MSEK
(44,1)
    * Q4 ADJUSTED EBITDA AMOUNTED TO 8,7 MSEK (0,9),
CORRESPONDING TO
A MARGIN OF 10,4% (2,0)
    * STRONG GROWTH IS MAINLY EXPLAINED BY ACQUISITION OF
AMERICAN
SENSYS NETWORKS FINALIZED IN JUNE, BUT GOOD GROWTH ALSO IN OUR
OTHER BUSINESS HAD A POSITIVE IMPACT ON QUARTER
    * INTEGRATION OF ALL PARTS OF FRENCH BUSINESS CONTINUES. WE
EXPECT
TO BE FULLY READY WITH INTEGRATION DURING Q1 2020
    * WITH A FULLY INTEGRATED BUSINESS AND FURTHER RECRUITMENTS
ON
SALES SIDE WE WILL GET STRONGER IMPACT IN FRENCH MARKET.
    * WITH ACQUISITION OF SENSYS NETWORKS WE HAVE CREATED A
TAGMASTER
COMPANY ALMOST DOUBLE IN SALES

Source text for Eikon:  ID:nWkrcdcVyC 
Further company coverage:  TAGMb.ST 

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