A solid quarter with strong capex deployment and margin expansion in a seasonally slow quarter
Axactor continues to grow and expand the business according to the company´s proven strategy. In the third quarter of 2018 Axactor delivers a 397% EBITDA growth compared to the same quarter in 2017. EBITDA ended at EUR 10.0 million and Cash EBITDA at EUR 32.7 million in the third quarter of 2018. The corresponding numbers for the same period in 2017 was EUR 2.0 million and EUR 6.2 million. The operating margin increased to 21% in the third quarter of 2018, up from 10% in the third quarter last year. Gross revenue for the third quarter of 2018 ended at EUR 56.5 million, compared to EUR 23.