Highlights Q2 2021 · Revenue wasNOK 325 million , up 36% fromNOK 238 million in the second quarter of 2020 · Gross profit wasNOK 114 million , up 46% fromNOK 78 million in the second quarter of 2020 · EBITDA adjusted wasNOK 13 million in the quarter vsNOK 17 million in the second quarter of 2020, a 23% decline · ARR reported increased toNOK 64 million , up 73% fromNOK 37 million in the second quarter of 2020. Proforma ARR including Famoc wasNOK 93 million , up 149% · Signed 6 new managed mobility service contracts, with an estimated value ofNOK 77 million and ~7,300 managed devices in the second quarter of 2021 · Acquired software providerFamoc S.A. to strengthenTechstep's MMS capabilities and unlocking a European expansion opportunity.Techstep raisedNOK 100 million in gross proceeds on 20 May to fund the acquisition, closing it on 1 July · Børge Astrup, an experienced software services leader and entrepreneur, was appointed as CEO effective from1 August 2021 Commenting on the future ofTechstep , new CEO, Børge Astrup says: "Techstep has taken a position and built a growth platform that provides extraordinary value creation opportunities in the years to come. WhatTechstep does, making work mobile, with all the benefits it brings to our customers, end users and other stakeholders, matters to a lot of people. That's why I joined theTechstep team as the company's new CEO. We are improving the work lives of so many people, and we can make a lot of companies more productive, more profitable and more sustainable at the same time.Techstep faces a truly exciting growth opportunity in the Nordics andEurope , and I look forward to capturing this together with our customers, our partners, the team, the Board, and not least our dedicated investors.Techstep is in pole position to help businesses and people adopt and enjoy next generation mobility, and deliver substantial value to customers and end users. I look forward to using my experience from sales leadership and from developing and commercialising software and mobile services, as we now move forward to make work mobile at scale in an easy, secure, and sustainable way for more end users and companies. To make sure we deliver growth, create stakeholder value and good returns to our investors, I believe it really boils down to some simple truths: Embrace digital transformation and deliver great user, customer, partner and employee experiences. And that is what we are going to do!", says Børge Astrup,Techstep CEO. Material Please find the report and presentation for Q2 2021 enclosed. Presentation and audiocast: The presentation will be held as an audiocast with slides. The presentation, released today at07:00 CET , is made in English by new CEO Børge Astrup, CFOMarius Drefvelin and CCO Erik Haugen. To watch the presentation please use this link: https://youtu.be/6A2WVnZzy0c A Q&A session will take place as a virtual event today at10:00 CET . Please join the session via the following link: https://bit.ly/2UbbYNn Questions for the Q&A session may be submitted in advance to ir@techstep.no, or live during the session itself. A recorded version of the Q&A-session will be made available on www.techstepasa.no shortly after the webinar has been concluded. For more information: Børge Astrup, CEO,Techstep ASA : +47 928 27 676 Marius Drefvelin, CFO,Techstep ASA : +47 958 95 690Erik Haugen , CCO,Techstep ASA : Mobile: +47 967 90 101 AboutTechstep ASA Techstep is purpose-built to become a Managed Mobility Services (MMS) leader.Techstep provides a complete Managed Mobility Services offering that presents enterprises and their employees with access to efficient, secure, and value -creating mobile work solutions - wherever and whenever they choose to work. Customer benefits include reduced IT complexity and costs, improved employee capabilities and engagement, as well as increased productivity and sustainability.Techstep has more than 350 employees based inNorway ,Sweden ,Denmark , andPoland , serving more than 2,000 customers across different industries and sectors. The company is listed on theOslo Stock Exchange under the ticker TECH. To learn more, please visit www.techstepasa.no. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Thisstock exchange release was published by Marius Drefvelin, CFO, on19 August 2021 at07:00 CET .
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