TECHSTEP ASA: Q2 AND H1 2018 RESULTS
Highlights second quarter 2018 · Q2 2018 revenues NOK 253 million; year-over-year growth 39% · Q2 2018 EBITDA NOK 11.7 million compared with negative NOK 2.5 million in Q2 2017. This includes a positive effect of NOK 10 million from a reversal of an earn-out liability related to the acquisition of BKE TeleCom AB in Sweden · Awarded new contracts with a potential total value of NOK 191 million in Q2 and NOK 523 million in H1 2018 · Techstep’s end-user base increased with 38% year-over-year to ~635,000 at the end of Q2 2018, providing a large platform for upselling · Acquired