Navamedic ASA fourth quarter report 2014

Navamedic today announced the Company's fourth quarter and full year 2014 financial results.

Navamedic continues its positive sales development, and posted its best annual result.

Navamedic had sales of NOK 61.9 million in the fourth quarter, a 47 per cent increase from the corresponding quarter the previous year. The Company's EBITDA for the quarter was NOK 4.0 million, compared to NOK 2.6 million the previous year. Earnings before taxes for the fourth quarter ended at NOK 0.4 million, against NOK -0.9 million in 2013.

For the full year, 2014 sales ended at NOK 223.1 million, a 47 per cent growth from 2013. The Company's EBITDA grew by 71 per cent, from NOK 7.7 million in 2013 to NOK 13.2 million last year. Earnings before taxes for 2014 came in at NOK 2.7 million, against NOK -1.7 million in 2013.