Brief: Tekna Holding Q1 Adjusted EBITDA Loss Widens To CAD 2.6 Million

Tekna Holding ASA

15/05/2024 06:21

May 15 (Reuters) - Tekna Holding ASA  TEKNA.OL :
    * REPORTED DECREASE IN REVENUES BUT MAINTAINS STRONG OUTLOOK
FOR
YEAR WITH A ROBUST ORDER BACKLOG AND CONTINUED MARGIN
IMPROVEMENT
    * Q1 REVENUES CAME IN AT CAD 8.7 MILLION, AN 8 PER CENT
DECREASE
FROM SAME PERIOD LAST YEAR
    * Q1 ORDER BACKLOG GREW BY 17 PER CENT TO CAD 15.9 MILLION
    * Q1 ADJUSTED EBITDA WAS CAD -2.6 MILLION IN QUARTER,
COMPARED TO
CAD -1.2 MILLION IN Q1 2023
    * OUTLOOK FOR 2024 REMAINS POSITIVE
    * MAINTAINING ITS GUIDANCE FOR REVENUE GROWTH AND MARGIN
IMPROVEMENTS FOR REMAINDER OF 2024

Source text for Eikon:  ID:nObiQDm8Ra 
Further company coverage:  TEKNA.OL 

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