FilingReader Intelligence
Otovo reports 22% revenue growth to NOK 152m
July 17, 2025 at 03:55 PM UTC•By FilingReader AI
Otovo reported 22% sequential revenue growth to NOK 152m in Q2 2025, with order intake up 15% to NOK 178m. Customer growth reached 1,535, marking consecutive quarterly expansion since the 2021-22 energy crisis.
Gross profit rose 18% to NOK 36m while personnel costs fell 39% year-over-year. Cash balance increased to NOK 131m, boosted by a portfolio transaction.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
OSL:OTOVO•Oslo Stock Exchange
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