Webstep ASA: Second quarter results 2020
Oslo 26 August 2020: Webstep ASA reports revenue growth and increased margin for the second quarter 2020. Revenues for the second quarter increased to NOK 172.4 million (NOK 162.0 million), EBIT increased to NOK 23.2 million (NOK 19.6 million), and the EBIT-margin increased to 13.5 per cent (12.1 per cent).Revenues were positively affected by increased headcount and higher hourly rates, but the growth has been partly offset by decreased revenues from subcontractors. The COVID-19 outbreak affected revenues negatively by approximately NOK 10 million in the second quarter, mainly due to the