Q-Free: Fourth quarter 2020 and preliminary FY 2020 results – introducing 2025 ambitions
(Oslo, 12 February 2021) Q-Free ASA (Q-Free, OSE: QFR) reported revenues in the fourth quarter 2020 of NOK 254.7 million (245.7) and an EBITDA of NOK 25.3 million (10.5), in addition to a strong cash flow and a backlog exceeding NOK 1 billion. The company has a positive outlook for 2021 and today outlines its 2025 ambitions of NOK 1.3-1.5 billion in revenues and an EBITDA margin in the 15-20 percent range. “Q-Free delivered a solid quarter with revenue growth, significantly improved profitability, and a strong cash flow from operations. We enter 2021 with solid market momentum, several