Q-FREE SECOND QUARTER RESULTS 2012
Q-Free’s second quarter is characterised by an unfortunate combination of delays in the bigger projects and soft product sales. Consequently the financial results for the quarter are weak. Revenues in the quarter came in at 114 MNOK compared to 202 MNOK in the corresponding quarter in 2011. The operating profit was – 22.8 MNOK compared to 16.3 MNOK last year. Order intake was 68 MNOK, with tag order from Vinci Autoroutes, France, of 15 MNOK being the main contributor. End quarter, the order backlog is 549 MNOK. Post quarter, an extension of the Gothenburg-project of 32 MNOK and a 72 MNOK