Webstep ASA (WSTEP.OL) on Thursday said that its second-quarter profit rose 5.3 percent from last year, helped by lower operating expenses. The company's revenues, however, fell due to reduced utilization hours.
The technology and consulting company reported profit of 14.8 million Norwegian Kroner or 0.57 Kroner per share in the second quarter, higher than 14.1 million Kroner or 0.51 Kroner per share in the same period last year.
During the three-month period, revenues declined 6.3 percent to 215.0 million Kroner from 229.5 million Kroner in the year-ago quarter, impacted by a decline in utilisation and reduced number of consultants.
According to Webstep, EBITDA for the second quarter fell to 23.3 million Kroner from 23.7 million Kroner in the prior-year period. EBITDA margin, however, climbed to 10.9 percent from 10.3 percent last year.
Looking ahead, the company reaffirmed its long-term goal of generating an EBIT margin of more than 10 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.