Q-FREE – THIRD QUARTER 2019 RESULTS
Q-Free delivered solid results in the third quarter of 2019. Revenues were up 12% and EBITDA was up 96% year on year. The improvements were driven by strong performance in the tolling and inter-urban segments. Liquidity and available cash also improved on the back of 36 MNOK in net cash flow from operations and a 10% reduction in net interest-bearing debt.Highlights for Q3-19 include: * 243 MNOK in revenues, up 12% YoY * 31 MNOK in EBITDA (13% margin), almost a doubling from 16 MNOK in Q3-18. The number is positively impacted by 9 MNOK in reduced pension obligations * 206 MNOK in