Magnora Q3 Adjusted EBITDA Loss At NOK 3.2 Mln

T-Reuters
16 Nov 2021

Magnora ASA :Q3 Adjusted Ebitda For Q3 2021 Was Negative Nok 3.2 Million.Q3 Revenue Nok 4.2 Million Versus Nok 7.6 Million Year Ago.Outlook For Unit: Evolar Will Continue To Consider Ipo Options Going Forward, As Well As Other Ways Of Creating Value For Magnora’S Shareholders..Outlook For Unit: Significant Earnings From The Penguins (16 Musd In Three Installments) And The Western Isles Contract Are Expected In 2022 And 2023.Quarterly Dividends Have Been Halted To Conserve Cash For Investments Needed As Part Of The Company’S Strategy In The Short Term.

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