Quickbit publishes year-end report 2021/2022
Quickbit reports a temporary decline in sales, at €69.3 million, while the product mix and cost-efficiency improvements resulted in a higher gross margin of 4.3% in the fourth quarter. Quickbit’s strong financial position enables continued investments in future growth, despite the increase in economic and geopolitical uncertainty in the business environment.Summary of the fourth quarter, April–June 2022 · Net sales totalled €69.3 million (83.1). · Gross profit amounted to €3.0 million (3.0) with a gross margin of 4.3% (3.6). · Adjusted EBITDA was €0.7 million (-0.2). · EBIT