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Home/Info Hub/Inside Zaptec/

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Inside Zaptec

Date:

13.11.24

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1 minutes

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Third quarter 2024 financial results

Sandnes, Norway – 13th of November 2024 – As we move through 2024, Zaptec is focused on setting up for success in 2025. In the third quarter, we focused on the product development of the Zaptec Go 2 and adjusting our products to meet the needs of the German market, laying the foundation for growth across Europe in 2025.

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Fourth quarter 2024 financial results

Kurt Østrem, Zaptec’s CEO, says:

"Despite the challenging market landscape impacting revenue, we succeeded in delivering a strong gross margin and a positive EBITDA," commented Kurt Østrem, Zaptec's CEO. "We’re excited for the year ahead, with new product launches, expected market recovery, a sustained focus on cost efficiency, and a strong commitment to achieving our growth goals”.

Highlights:

  • Quarterly revenue of 299 MNOK
  • Order intake of 244 MNOK
  • Order backlog of 365 MNOK
  • Gross margin of 39%
  • Opex of 112 MNOK
  • EBITDA of 4 MNOK

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