Brief: Webstep Q1 EBIT Down At NOK 13.1 Mln

Webstep ASA

27/05/2020 06:08

May 27 (Reuters) - Webstep ASA  WSTEP.OL :
    * REPORTS REVENUES OF NOK 183.0 MILLION IN Q1 OF 2020, A YEAR-ON-YEAR DECREASE OF 0.8 PER
CENT
    * Q1 EBIT ENDED AT NOK 13.1 MILLION, DOWN FROM NOK 20.2 MILLION IN Q1 OF 2019
    * COVID -19 OUTBREAK IMPACTED REVENUES NEGATIVELY WITH AT LEAST NOK 3 MILLION.
    * BOARD OF DIRECTORS IS OF OPINION THAT IT IS PRUDENT, AND IN BEST INTEREST OF WEBSTEP AND
ITS
SHAREHOLDERS, TO AWAIT FURTHER DEVELOPMENTS BEFORE POTENTIALLY DECIDING TO RESOLVE A DIVIDEND
FOR FINANCIAL YEAR 2019
    * FINANCIAL POSITION 31 MARCH WAS STRONG, WITH TOTAL EQUITY OF NOK 389.3 MILLION (NOK 389.1
MILLION), CORRESPONDING TO AN EQUITY RATIO OF 64.8 PER CENT (66.4 PER CENT)

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

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