Q-FREE - FIRST QUARTER RESULTS 2017
Q1-2017 * 236 MNOK in revenues, up 12% YoY * 16 MNOK in EBITDA, best quarter since Q3-15 * 165 MNOK in order intake, several small unannounced orders with recurring revenues * 1.3 bn NOK in order backlog, 479 MNOK scheduled for delivery in 2017 * OPEX as percent of revenues reduced with 6 percentage points YoY- We are satisfied with the first quarter of 2017. Strong organic revenue growth combined with good cost management resulted in significantly improved EBITDA. We see this as an important first step in restoring attractive margins in Q-Free. We also managed to secure