Zutec today released Q1-21 report: Break-through Quarter with 47.2% Organic Growth and 19.4% EBITDA Margin
Financial Highlights · Net sales was SEK 10.1m, corresponding to a 47.2% increase compared with the same period in 2019 (SEK 6.8m). Reaching SEK 10m in quarterly sales was a significant milestone. · EBITDA of SEK 2.0m (SEK -3.7m) corresponding to an EBITDA margin of 19.4%. · Net profit was SEK 0.1m compared with the loss in the same period in 2019 (SEK -5.4m). · Basic earnings per share amounted to SEK 0.00 (-0.75). · Cash outflow from operating activities of SEK 7.1m primarily due to normalization of working capital as well as a result of paying the lease amounts to April