Q-FREE - FIRST QUARTER RESULTS 2019
Order intake in the first quarter was very strong. Q-Free has now had six consecutive quarters with order intake growth and a book-to-bill ratio above 1. As a result of the strong order intake in previous quarters, the company delivered 9 percent organic revenue growth in Q1-19. EBITDA was temporarily down because of customer/product mix effects. Highlights for Q1-19 include: * 298 MNOK in order intake, up 47% from Q1-18 * 223 MNOK in revenues, up 9% YoY driven by 25% growth in non-tolling businesses * 9 MNOK in EBITDA, down from 16 MNOK in Q1-18. IFRS-16 positively impacted