Brief: Webstep EBITDA For Q3 Falls To NOK 4.1 Million

Webstep ASA

07/11/2019 06:07

Nov 7 (Reuters) - Webstep ASA  WSTEP.OL :
    * WEBSTEP Q3 2019: STRENGTHENING THE PLATFORM FOR FUTURE
GROWTH
    * REPORTS Q3 REVENUES IN LINE WITH SAME QUARTER LAST YEAR
AND A
WEAKER EBITDA MARGIN
    * CAPACITY GROWTH INITIATIVES ARE STARTING TO YIELD RESULTS
WITH
5.3 PER CENT GROWTH IN HEADCOUNT IN QUARTER
    * A REVISED STRATEGY HAS BEEN DEVELOPED AND MEASURES TO
SUPPORT
FUTURE GROWTH WILL BE IMPLEMENTED GOING FORWARD
    * Q3 CONSOLIDATED REVENUES IN Q3 OF NOK 137.2 MILLION, DOWN
0.6
PER CENT FROM SAME QUARTER LAST YEAR
    * EBITDA FOR Q3 AMOUNTED TO NOK 4.1 MILLION, AGAINST NOK 8.9
MILLION IN SAME QUARTER OF 2018
    * FUNDAMENTALS FOR LONG-TERM MARKET GROWTH ARE SUPPORTED BY
MEGATRENDS WITHIN DIGITALISATION AND FACT THAT WEBSTEP HAS WON
LARGE, LONG TERM CONTRACTS AND FRAME AGREEMENTS IN 2019
    * LONG-TERM AMBITION TO EXCEED MARKET AVERAGE IN TERMS OF
REVENUE
GROWTH AND EDBITA MARGIN REMAINS UNCHANGED
    * MEASURES TO SUPPORT FUTURE GROWTH MAY CREATE A SHORT-TERM
CHALLENGE WITH RESPECT TO EBITDA MARGIN LEVEL
    * DIVIDEND POLICY REMAINS UNCHANGED.

Source text for Eikon:  ID:nWkrccTy1F 
Further company coverage:  WSTEP.OL 

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