Brief: Techstep Q2 Revenue Down At Nok 266.3 Mln

Techstep ASA

15/08/2024 06:22

Aug 15 (Reuters) - Techstep ASA  TECH.OL :
    * Q2 REVENUE AT NOK 266.3 MILLION VERSUS NOK 281.5 MILLION
YEAR
AGO
    * Q2 EBITDA ADJUSTED AT NOK 31.0 MILLION VERSUS NOK 29.2
MILLION
YEAR AGO
    * Q2 EBIT LOSS AT NOK 17.0 MILLION VERSUS LOSS NOK 14.2
MILLION
YEAR AGO
    * INDICATIONS THAT CUSTOMERS’ READINESS IS SLOWER THAN
ANTICIPATED
AND UPSELL ON AGREEMENTS  WITH PUBLIC SECTOR AGREEMENTS IS A
FOCUS AREA IN 2024
    * PARTNERSHIPS ARE DEVELOPING ACCORDING TO PLAN, EXPECTED TO
MATERIALISE DURING THE NEXT YEAR
    * EXPECTATION IS AN ACCELERATION IN SALES OF DEVICES IN THE
SECOND
HALF OF 2024 AND INTO 2025
    * UPDATED OUTLOOK FOR 2024: GROWTH OF RECURRING REVENUES
ANNUALISED Y/Y BY 20-30%, NET GROSS PROFIT BY 0-5% WITH AN
EXPECTED EBITA ADJUSTED. CONVERSION OF 12-16%

Source text for Eikon:  ID:nWkr3Qf40L 
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