Fri 09/01/2023 11:48 AM
Norwegian home security system group Sector Alarm’s second-quarter earnings improved 34% year over year, although that was partly driven by lower customer acquisition spend due to slowing new customer additions. The acquisition cost per customer continued to rise, increasing underlying cashburn, although that was more than offset by the receipt of the 500 million Norwegian kroner (€43 million) equity injection the group’s shareholders
promised, sources said.
Revenue increased 17%...
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