ZWIPE AS – Publication of annual report 2020
OSLO, NORWAY – 25 February 2021 – Zwipe AS today publishes its annual report 2020. Highlights for 2020 include: Financials ·Revenues increased to MNOK 1.8 (MNOK 1.5). ·Operating expenditures were reduced to MNOK 63.7 (MNOK 96.8). In constant currency, this represents a 38% reduction. The savings resulted from the streamlining program as announced in November 2019. ·EBITDA improved to MNOK -59.9 (MNOK -92.0), mainly due to the implementation of the streamlining program. ·Results before tax was MNOK – 61.9 (MNOK -94.9), and earnings per share