Q-FREE – RESULTS FOR THE FIRST QUARTER 2016
Highlights Q1-2016: -Revenues NOK 219 million, 15% growth QoQ -EBITDA NOK 6 million (3% margin), vs NOK 19 million in Q1 15 -Strong order intake of NOK 323 million -Awarded the Slovenia Truck Tolling project of NOK 470 million pending final approval -Strong order backlog of NOK 852 million (excluding the Slovenia project) – highest since 2009 - We are satisfied with the good order intake in the first quarter and the increased pipeline for the Q-Free portfolio. The Q-Free ITS Transformation program continues and will further strengthen our ability to present competitive