Highlights Q1 2021
- Revenue was
NOK 306 million , up fromNOK 293 million in the first quarter of 2020 -
Gross profit was
NOK 114 million , up fromNOK 80 million in the first quarter of 2020 -
EBITDA adjusted of
NOK 13 million in the quarter vsNOK 12 million in the first quarter of 2020 -
ARR increased to
NOK 66 million , up fromNOK 37 million in the first quarter of 2020 -
Signed eight new managed mobility service contracts, with an estimated value of
NOK 15 million and ~3,300 managed devices in the first quarter of 2021 -
After the closing of the quarter: Announced acquisition of software provider
Famoc S.A. , strengtheningTechstep's MMS capabilities and unlocking European expansion
Commenting on the Q1 2021 report,
"During the first quarter, we continued to pursue our growth strategy and progress our transformation into a leading Managed Mobility Services (MMS) provider in the Nordics. Our ambitions are rooted in true mobility expertise and capabilities. With ~300 employees and mobility experts based in
With market conditions still impacted by the Covid-19 pandemic effects, we did see slower sales cycles, customer onboarding and implementation timelines in the first quarter, and we continue to see this in the second quarter. We signed eight new MMS contracts with a total estimated value of
Material
Please find the report and presentation for Q1 2021 enclosed.
Presentation and audiocast:The presentation will be held as an audiocast with slides. The presentation, released today at
A Q&A session will take place as a virtual event today at
A recorded version of the Q&A session will be made available on www.techstepasa.no shortly after the broadcast has been concluded.
Note: Famoc acquisition is not consolidated in
Closing is subject to certain customary conditions and is expected to take place during
For more information:
Marius Drefvelin, CFO,
About
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This
http://publish.ne.cision.com//Release/ViewReleaseHtml/3DF8D97648D69954E0C856B0705FC7D6
https://mb.cision.com/Public/16587/3343591/92bd1340491265ae.pdf
https://mb.cision.com/Public/16587/3343591/a426919f0042b66e.pdf
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