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General

Talkpool reduces Q2 loss despite lower revenues, coronavirus crisis

Thursday 27 August 2020 | 14:01 CET | News
Swedish network service provider Talkpool reported a mixed set of results for the second quarter, saying it was hampered by the effects of the coronavirus pandemic and negative forex effects but helped by its turnaround strategy of lowering costs. Group revenues fell 12.2 percent from the year before to EUR 4.889 million but the net loss narrowed to EUR 563,000 from a loss of 800,544. EBITDA rose to EUR 183,000 from 52,000, with the margin climbing to 3.7 percent from 0.9 percent. EBIT advanced to EUR 87,000 from an EBIT loss of 40,000 with the margin increasing to 1.8 percent from 0.7

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Categories: General
Companies: TalkPool
Countries: Sweden / World
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