Q-Free: First quarter 2021 financial results
(Oslo, 29 April 2021) Q-Free ASA (OSE: QFR) reported revenues of NOK 191 million (202) in the first quarter of 2021 and an EBITDA of NOK 13 million (-8). The order intake ended at NOK 434 million (220), contributing to a backlog exceeding NOK 1.3 billion. Q-Free reiterates its positive outlook for 2021 and its 2025 ambitions of NOK 1.3-1.5 billion in revenues with an EBITDA margin in the 15-20% range. “Q-Free delivered a quarter with significant operational improvements. Although revenues were down, order intake in the quarter almost doubled compared to last year. This increase was