Navamedic ASA: Q3 2019 financial results
Oslo, 1 November 2019 – Navamedic ASA (OSE: NAVA) continues to grow and reported revenues of NOK 48.8 million in the third quarter of 2019, up 10.2% from the same period in 2018. The company’s EBITDA came in at NOK 0.2 million (NOK 3.3 million in the third quarter of 2018), mainly due to project costs related to the separate listing of Observe Medical and increased focus on business development. The demerger and separate listing of Observe Medical provide efficient platforms for accelerating growth in both Navamedic and Observe Medical. “We continued the implementation of our growth