Axactor reports profit before tax of EUR 10 million in Q2
Axactor continued to deliver profitable growth also in the second quarter 2019, with gross revenue increasing 37% year-on-year to EUR 91.3 million and net revenue increasing 33% to EUR 72.4 million. Increased volumes continue to generate scale benefits and improved cost efficiency. The EBITDA was EUR 26.1 million in the quarter and the EBITDA margin 36%, up from EUR 10.6 million and 20% in the same quarter last year. Profit before tax amounted to EUR 9.8 million (0.6) for the second quarter 2019, and net profit to EUR 6.2 million (0.2). Net profit to equity holders was EUR 4.6 million (0.