Q-FREE- RESULTS FOR THE SECOND QUARTER AND FIRST HALF 2017
Highlights: Q2-2017 * 240 MNOK in revenues, up 5% YoY * 10% reduction in operating expenses YoY * 21 MNOK in EBITDA (8.9% margin), up from 9 MNOK in Q2-16 * 218 MNOK in order intake * Order backlog maintained at 1.3 bn NOK, of which 346 MNOK are scheduled for delivery in 2017 1H 2017 * 476 MNOK in revenues, 9% growth YoY * 38 MNOK in EBITDA (7.9% margin), up from 14 MNOK in 1H 2016 * 383 MNOK in order intake vs 503 MNOK 1H 2016 -The second quarter of 2017 represents the third quarter in a row with revenue growth, good cost control and EBITDA growth. In