Q-Free presenterte et meget bra Q3 i kulissene 25.oktober til tross for at man ikke landet noen store kontrakter i kvartalet. Bare å gratulere Håkon Volldal med vellykket turnaround i Q-Free. Så webcasten fra Q3 i går (link nederst) og er ikke i tvil om at dette nå går veien, med eller uten storkontrakten i Jakarta som Q-Free lar gå til fordel for andre store kontrakter om nødvendig. Man vil altså ikke underby i desperasjon da selskapet ser mange andre store prosjekt i pipeline nå. Bra, og betryggende å høre!


QFR: Q-FREE - THIRD QUARTER RESULTS 2018

07:00

Performance in the third quarter of 2018 confirmed the stability and
attractiveness of Q-Frees underlying business model. In a quarter with no
special events, the company delivered solid EBITDA, high order intake, and
positive cash flow from operations.

Highlights third quarter 2018:

* 217 MNOK in revenues, down 7% YoY as strong growth in non-tolling business
areas partly compensated for high project revenues in Slovenia in Q3 2017

* 16 MNOK in EBITDA (7.3% margin), up from 5 MNOK in Q3-17 (Q3-17 incl. a 28
MNOK settlement)

* 254 MNOK in order intake, significantly up from 100 MNOK in Q3-17

* 1 091 MNOK in order backlog, up from 1 060 at the end of Q2-18

* 16 MNOK in operating cash flow, up from 13 MNOK in Q3-17

* New long-term financing signed with increased flexibility and limits to secure
future growth

- We are satisfied with the third quarter of 2018, which represents the eight
consecutive quarter with positive EBITDA margin. Q-Frees growing share of
recurring and resilient revenues now enable us to deliver acceptable profits
even in periods with limited project revenues. We are also pleased to with the
strong growth in confirmed order intake and a significantly increased pipeline
of new opportunities. Based on current momentum in the business we target double
-digit revenue growth going forward and margin expansion driven by operational
leverage and a shift towards higher-margin products and services, comments CEO
in Q-Free, Håkon Volldal.


https://www.q-free.com/investor_relations/web-cast/