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BRIEF-Q-Free Q4 revenue up at NOK 241 million
February 14, 2017 / 7:22 AM / 10 months ago

BRIEF-Q-Free Q4 revenue up at NOK 241 million

Feb 14 (Reuters) - Q-Free ASA:

* End-Q4 order backlog 1.4 billion Norwegian crowns ($167 million), 615 million crowns scheduled for delivery in 2017

* Q4 revenue 241 million, up 23 pct from 197 million crowns in Q4-15

* Q4 EBITDA profit 7.0 million crowns versus loss 67.8 million crowns year ago

* Says is now well positioned to generate double digit revenue growth and deliver attractive margins in 2017

* Is confident company will deliver a positive operating profit in 2017

* Says will not be able to deliver a positive cash flow operations in 2017

* Says will have a positive operating cash flow in 2018 when the Slovenia payment is due Source text for Eikon:

Further company coverage: ($1 = 8.3709 Norwegian crowns) (Gdynia Newsroom)

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