Q2 2019 Jan 19 - Jun 19

  • Total Revenue for the quarter amounted to 40.5 MSEK (42.7) adecrease of 5% from the same period in 2018
  • Gross Profit amounted to 27.1 MSEK (21.7) an increase of 25%from the corresponding period in 2018
  • US Operations growing strongly, increasing share of revenue to 35% (30.6%)
  • Gross margin increased to 66.9% (50.8%), reflecting growth in higher margin services as a result of the restructure
  • A positive EBITDA of 4.0 MSEK (-2.8) resulting from a 5,4 MSEK increase in Gross Profit combined with a 1.5 MSEK decrease in operating costs from the corresponding period in 2018.
  • Operating Costs reduced by 10% (2.5 MSEK) from Q1 2019
  • Net Profit after Tax for the quarter amounted to 1.2 MSEK (-3.2) an increase of 4.4 MSEK from the corresponding period in 2018
  • Net Profit after Tax increased by 6.6 MSEK from Q1 ,2019 (-5.4)
See full Q2 2019 Results