Q4 2020 Zaptec AS Earnings Call Transcript
¸,-
Welcome to the presentation of the fourth quarter for Zaptec. And my name is Anders Thingbø. I'm the CEO of Zaptec.
And my name is Kurt Ãstrem. I'm the CFO in Zaptec.
¸,-
The highlights for the fourth quarter are that we achieved positive working capital development with a strong balance in the cash by the end of the quarter. The turnover growth was 66% as we reported in early January. Even though we had a lower-than-expected gross margin due to a higher-than-expected sales of low margin product, we achieved an EBITDA of NOK11.1 million, which represents 14% of the revenues. The operating cost as a share of revenues has been reduced and we see that the electrical vehicle markets in Europe was very strong in the fourth quarter.
About the technology development. We have been able to keep our plan to launch a new product and also done a lot of software and
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |