ABAX CONTINUES GROWTH IN Q2

31.08.2022, Larvik, Norway | ABAX Group announces its Q2 2022 results and is available on its website at: https://www.abax.com

Q2 highlights

MRR growth of 12%. Revenue for the quarter of 182,7 M NOK representing a growth of 6% from Q2 2021, Adjusted EBITDA of 84,7 for the quarter. 

For more information please contact:

Morten Strand, CEO, ABAX
Email: morten.strand@abax.no
Phone: +47 415 35 316

David Norton, Chief Financial Officer
Email: david.norton@abax.no
Mobile: +47 907 05 812

ABAX is one of the largest telematic companies in Europe with high-quality software and hardware developed in-house. Our services help customers stay up to date, become more efficient and save money through world-class SaaS (Software as a Service). Our customer base of 44,000, and more than 536,000 tracked assets are constantly increasing our ABAX Global Network. ABAX is at the forefront of telematics connecting all company assets on an unprecedented level. Our mission is to continually help our customers run their businesses smarter and healthier, making it easy for them to improve efficiency, comply with legislation, and increase profitability. We are represented in Norway, Sweden, Denmark, Finland, the Netherlands, Belgium, Poland, and the UK with headquarters in Larvik, Norway.