Q-FREE - FOURTH QUARTER AND PRELIMINARY FULL YEAR RESULTS 2018
Performance in the fourth quarter of 2018 adjusted for one-off expenses related to the close-down of Jakarta was solid. The company delivered an EBITDA margin before non-recurring items of 9 percent, high order intake, and positive cash flow from operations. Highlights for Q4-18 include: * 241 MNOK in revenues, down 9% YoY as strong growth (32%) in non-tolling segments partly compensated for lower project revenues in tolling * 22 MNOK in adjusted EBITDA (9% margin) compared to 40 MNOK in Q4 2017. 9 MNOK in reported EBITDA due to 13 MNOK in one-off expenses related to close down of