Q-FREE - SECOND QUARTER AND FIRST HALF 2019 RESULTS
The second quarter of 2019 represented a significant rebound from Q1-19. Revenues were up 12% and EBITDA was up 167% quarter on quarter. Order intake was solid despite the absence of major new contracts, and the order backlog remains at a very high level. Highlights for Q2-19 include: * 251 MNOK in revenues, up 11% YoY driven by the tolling and urban business areas * 23 MNOK in EBITDA (9% margin), a significant increase from 9 MNOK in Q1-19, but down from 31 MNOK in Q2-18 * 209 MNOK in order intake including several high-margin ALPR/ANPR contracts * 1 120 MNOK in order