Capnor Weasel Bidco Oyj, Interim Report January – September 2023
Interim Report for the third quarter of 2023 Third quarter highlights · Revenue decreased by 17% to MEUR 22.9 (27.4) · EBITDA decreased to MEUR 1.7(4.7), corresponding to a 7% (17%) EBITDA margin · EBIT decreased to MEUR -0.9 (2.4), corresponding to a -4% (9%) EBIT margin · Operational Cash Flow was negative at MEUR-3.6 (-2.4) Significant events during the quarter · iLOQ announced in September that it will continue its growth strategy by expanding to Australia. iLOQ currently has sales offices in thirteen countries in Europe, the Middle East, USA and Canada, as