Q-FREE- RESULT FOR THE THIRD QUARTER 2016
Oslo, 27 October 2016 Q-Free reports all-time high order backlog of 1.5 BNOK in Q3-16 and announces program to cut 50 MNOK in costs with EBITDA impact already from next quarter.Q3-16 highlights: - Revenues of 207 MNOK, down 7% from 223 MNOK in Q3-15 - EBITDA of -10 MNOK before restructuring charges of 15 MNOK vs. 22 MNOK in Q3-15, impacted by late Q3 start-up of new, large orders- High order intake of 877 MNOK due to signing of our largest ever contracts in tolling (472 MNOK with DARS in Slovenia) and ATMS (200 MNOK with Virginia Department of Transportation in the US)- All-