Smartoptics Group AS (SMOP) – Q1 2024 financial results
Oslo, 8 May 2024 - Smartoptics Group AS (Smartoptics, OSE: SMOP) today reported revenues of USD 12.6 million in the first quarter of 2024 (14.1), and an EBITDA* of USD 1.1 million (2.6), following the previously communicated softness in the market. The company maintains its revenue ambition in the range of USD 100 million by 2025/2026, assuming the market sentiment in its markets return to normal during 2024, and the Board of Directors has proposed a dividend of NOK 0.50 per share."Our revenue declined by 10 percent in the first quarter, which reflects the soft sentiment of the general