Brief: Webstep Net Profit For Q4 Falls To NOK 5.2 Million

Webstep ASA

12/02/2020 06:12

Feb 12 (Reuters) - Webstep ASA  WSTEP.OL :
    * WEBSTEP Q4 2019: INCREASED CAPACITY AND REVENUE GROWTH
    * REPORTS A YEAR-ON-YEAR REVENUE INCREASE OF 0.9 PER CENT IN
Q4
    * IMPACT OF HIGHER CAPACITY AND INCREASED HOURLY RATES WAS
OFFSET
BY LOWER REVENUES FROM SUBCONTRACTORS AND LOWER UTILISATION
    * STRONG FINANCIAL POSITION AND POSITIVE OUTLOOK SUPPORT A
DIVIDEND PROPOSAL OF NOK 1.60 PER SHARE
    * REVENUES IN Q4 OF NOK 176.8 MILLION, UP 0.9 PER CENT FROM
SAME
QUARTER LAST YEAR
    * WE ENJOY A STRONG POSITION IN AN ATTRACTIVE GROWTH MARKET
AND
ENTER 2020 WITH A VERY ROBUST ORDER BOOK
    * WE EXPECT CONTINUED HEADCOUNT GROWTH IN Q1 OF 2020 - CEO
    * EBITDA FOR Q4 AMOUNTED TO NOK 12.0 MILLION, DOWN FROM NOK
17.5
MILLION IN CORRESPONDING QUARTER OF 2018
    * OUR LONG-TERM AMBITION TO EXCEED MARKET AVERAGE IN TERMS
OF
REVENUE GROWTH AND EBITDA MARGIN REMAINS UNCHANGED
    * EBITDA MARGIN WAS 6.8 PER CENT IN Q4, DOWN FROM 10.0 PER
CENT IN
CORRESPONDING QUARTER OF 2018
    * NET PROFIT FOR Q4 WAS NOK 5.2 MILLION IN 2019 AND NOK 11.8
MILLION IN 2018

Source text for Eikon:  ID:nWkr2NxkVd 
Further company coverage:  WSTEP.OL 

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