Brief: Techstep Q1 Revenue Falls To NOK 292 Million

Techstep ASA

16/05/2023 06:06

May 16 (Reuters) - Techstep ASA  TECH.OL :
    * Q1 TOTAL REVENUE OF NOK 292 MILLION, DOWN 16% Y/Y DUE TO
DECLINE
IN HARDWARE SALES
    * Q1 PROFITABLE ON EBITA ADJUSTED. OF NOK 4.1 MILLION DUE TO
A 18%
Y/Y DECLINE IN OPERATING COSTS AND PERSONNEL EXPENSES
    * Q1 SHOWED POSITIVE DEVELOPMENT IN OUR UNDERLYING BUSINESS
    * GROWING INTEREST IN TECHSTEP'S PRODUCTS BUT CONVERSION TO
ACTUAL
SALES HAS BEEN SLOWER THAN ANTICIPATED IN Q1

Source text for Eikon:  ID:nObiKn7lra 
Further company coverage:  TECH.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))