ZWIPE AS – Publication of second half-year 2020 report
OSLO, NORWAY – 25 February 2021 – Zwipe AS today publishes its second half-year 2020 report.
Summary Financial development for second half-year:
·Revenues of MNOK 1.0 (MNOK 1.2).
·Operating expenditures were reduced to MNOK 31.3 (MNOK 60.2). In constant currency, this represents a 49% reduction. The reduction is due to cost of MNOK 19 in H2 2019 related to the jointly funded development collaboration with Idemia, as well as savings as a result of the streamlining program announced in November 2019.
·EBITDA improved to MNOK -29.1 (MNOK -56.6) mainly due to the