Smartoptics Group AS (SMOP) – Q1 2023: Continued strong growth and increased margins
Oslo, May 11, 2023 - Smartoptics Group AS (OSE: SMOP) today reported revenues of USD 14.1 million in the first quarter of 2023, up 18.8 percent from the corresponding period in 2022 (USD 11.8 million), and an EBITDA margin of 18.5 percent, up from 15.2 percent in the first quarter 2022. EBIT margin was 15.5 percent compared to 11.8 percent same period last year.“It is great to conclude that the strong development from 2022 continues in 2023, as expected. The market remains strong, driven by the ever-growing demand for higher bandwidth and network capacity,” said Magnus Grenfeldt, CEO of