Navamedic ASA: Q3 2020 financial results
Oslo, 6 November 2020 – Navamedic ASA (OSE: NAVA) grew revenues by 16% in the third quarter of 2020 compared to the same quarter last year. The company reported revenues of NOK 56.8 million in the third quarter of 2020 with an EBITDA of NOK 3.8 million, driven by both new products and underlying growth. Navamedic will launch products in at least one country in each launch window going forward, and targets 20% annual growth from 2021. The company reiterates its mid- to long-term ambition of building a NOK 500 million company.“In the third quarter of 2020, we delivered strong growth driven by