Strong quarter for Global Gaming, exceeding expectations
Revenue was SEK 71.8m in Q2, above our estimate of SEK 57m, with growth of -46% y/y and 24% q/q. Supported by a continued decrease in opex, EBIT was SEK 1.1m i.e. a 1.5% margin. Adjusted for SEK 1.9m personnel NRI, the margin was 4%, and adjusted also for FX, 10%. In our view this underlines how the company far exceeded its ambition to reach breakeven in H1 and shows that a sustainable improvement in underlying profitability has been achieved.
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