The growth of the company continued in second quarter and reached all time high sales of 23,9 MNOK in June, which was a growth of + 51,2 % vs. June last year. The company has the first months of the year, developed its strategy for growth and profit improvement. In first half of 2020, the company had a turnover of 116,8 MNOK vs. 90,2 MNOK last year (+26,6 MNOK). Despite the Covid pandemic, the company managed to grow its business to new heights. Our company decided to be proactive and to invest to be bigger, better and stronger. We particularly decided to be innovative and to search for new technologies and create new online meeting places for recruitment of business partners and customers. 

The first half year of 2020 has been the best sales result in the history of EQOLOGY. In this period, we achieved a growth of + 29,4 % vs. last year. The company is growing very well in Central Europe and is now present in 23 European countries. EBITDA for the first half year was 8,8 MNOK (+113 % vs. last year) vs. 4,1 MNOK last year.

Please review the report for first half of 2020. 

For questions, contact:

Roar Arnstad
CEO
E-mail: roar.arnstad@eqology.no

Christian Espeseth
Chairman of the board