Webstep delivers substantial revenue growth in 2017. Successful recruitment in a highly competitive market have secured new capacity and the company is well positioned to deliver further growth in 2018. The financial position is strong, enabling the board to propose a dividend of NOK 1.50 per share, in the upper range of the dividend policy.
Webstep ASA recorded consolidated revenues in the fourth quarter of 2017 of NOK 165.9 million, up 10.7 per cent from the corresponding quarter last year. Revenues for the full year 2017 grew by 6.0 per cent from the year before and ended at NOK 596.5 million.
Fourth quarter EBITDA excluding non-recurring items was NOK 19.5 million compared to NOK 20.7 million last year, when no significant non-recurring items were recorded. EBITDA for the quarter including non-recurring items came to NOK 5.6 million. EBITDA before non-recurring items for 2017 was 71.0 million, compared to NOK 72.7 million in 2016. The slight decrease in EBITDA before non-recurring items is mainly a consequence of investments in new services and the high number of new expert hires, giving a higher amount of minimum salary in the initial employment period. EBITDA including non-recurring items for the full year 2017 came to NOK 57.1 million.
For further information, see press release, report and presentation from the company: http://www.newsweb.no/newsweb/search.do?messageId=444328
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