Techstep ASA: Q3 2024 results
Highlights from the third quarter 2024: Profitability improving y/y, growth in both revenue and net gross profit for the first time in two years · Recurring revenue annualised up 6% y/y, driven by 12% in Own Software · Net gross profit margin remains steady at 35%, in line with the same quarter last year · Positive cash flow from operations · Positive EBITA adj. for the eight consecutive quarter, up 11% y/y Commercial momentum picking up, several new signings and renewed contracts · Frame agreement secured with the Norwegian procurement agency Tradebroker, total