Brief: Tekna Holding Q2 Adjusted EBITDA Loss Widens To CAD 1.5 Mln

Tekna Holding ASA

16/08/2024 06:20

Aug 16 (Reuters) - Tekna Holding ASA  TEKNA.OL :
    * Q2 REVENUE CAD 11.2 MILLION VERSUS CAD 11.0 MILLION YEAR
AGO
    * Q2 ADJUSTED EBITDA LOSS OF CAD 1.5 MILLION VERSUS LOSS OF
CAD
0.6 MILLION YEAR AGO
    * PROFITABILITY WAS AFFECTED BY ONE-OFF COSTS OF CAD 0.5
MILLION
IN MARGIN FOR MATERIALS, IN PART DRIVEN BY EFFORTS TO REDUCE
WORKING CAPITAL
    * EXPECT COST SAVING PROGRAM TO CONTRIBUTE CAD 2 MILLION IN
ADJUSTED EBITDA OVER NEXT SIX MONTHS, WITH SOME OF COST SAVINGS
RECURRING IN 2025
    * ORDER PIPELINE REMAINS STRONG FOR REST OF YEAR, WITH CAD
2.0
MILLION IN SYSTEM ORDERS ALREADY SECURED IN Q3 2024
    * LOOKING AHEAD, TEKNA IS EXPERIENCING USUAL SEASONAL
DECLINE IN
ACTIVITY DUE TO SUMMER VACATION PERIOD IN NORTH AMERICA AND
EUROPE IN Q3

Source text for Eikon:  ID:nObicKF8Ja 
Further company coverage:  TEKNA.OL 

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