Highlights Q1-2016:

-Revenues NOK 219 million, 15% growth QoQ

-EBITDA NOK 6 million (3% margin), vs NOK 19 million in Q1 15

-Strong order intake of NOK 323 million

-Awarded the Slovenia Truck Tolling project of NOK 470 million pending final approval

-Strong order backlog of NOK 852 million (excluding the Slovenia project) – highest since 2009

– We are satisfied with the good order intake in the first quarter and the increased pipeline for the Q-Free portfolio. The Q-Free ITS Transformation program continues and will further strengthen our ability to present competitive solutions addressing the global ITS market. We want to speed up the strategy implementation and become more powerful and profitable, comments Acting CEO Roar Østbø. 

Enclosure: QFR Q1-2016 Report and presentation

For further information, please contact:

Acting CEO and CFO Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within the global ITS market. The Q-Free Group has approximately 450 employees with offices in 20 countries and presence on all continents. The Q-Free head office is in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.

Twitter: @Q-FreeASA