Highlights Q3 2020
· Gross profit was
· EBITDA adjusted was
· Annual Recurring Revenue (ARR) was
· Signed five new contracts for
· Strengthened position within managed mobility services through the acquisition of
· Digital transformation speeding up - mobility market fundamentals strengthening further
Note:
Commenting on the Q3 report,
"The world is going mobile and the ongoing pandemic speeds up the transformation and changes the way we move, interact and work. Although the market environment is challenging - with lower demand for hardware and traditional services - we see a positive development in our managed mobility services offering. Our `Flow' concept has been well received in
Our ambition is to become the leading managed mobility service provider in the Nordics, based on our own software and IP. The acquisition of the B2B mobility software and solutions provider Optidev marks a major step on this journey. While still in the early stages, we have high hopes for the roll-out of our managed mobility services across the Nordic market.
Our opportunity pipeline is promising, although we see continued uncertainties in the overall market as we move towards the end of 2020. Our main focus remains the development of our managed mobility services platform, and continued onboarding of new and existing customers will be top priority. We are working hard to improving both the customer experience and our operational efficiency to ensure that we succeed.
Material
Please find the report and presentation for Q3 2020 enclosed.
Presentation and audiocast:
Due to the COVID-19 situation and the government's recommendation to limit physical meetings, the presentation will be held as an audiocast with slideshare only. The presentation will be given in English by CEO
Please join the Q3 2020 results presentation via the following link:
A recorded version of the presentation will be made available on www.techstepasa.no shortly after the broadcast has been concluded.
For more information:
Marius Drefvelin, CFO,
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https://mb.cision.com/Public/16587/3232417/b392b503701c638c.pdf
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