Xplora Technologies AS (DE:86P) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Xplora Technologies AS reported a robust Q2 2024 with a 21% year-on-year organic revenue growth to NOK 194.5m, excluding a one-time effect from the previous year, and a 33% increase in EBITDA during the first half of the year. The company highlighted significant growth in service revenues and subscriptions, with a 49% increase in total subscriptions. CEO Sten Kirkbak attributes the success to their strategy of selling higher-priced products and connectivity bundles, marking a new normal in the company’s performance.
For further insights into DE:86P stock, check out TipRanks’ Stock Analysis page.
