Investors House reported Q2 revenues of EUR 1.7m, -12% versus our estimate. Net operating income was EUR 0.6m. The Services segment posted somewhat weaker results than we had anticipated with sales down 16% and EBIT down 63% y/y. The net result was EUR 3.1m compared to EUR 0.4m a year ago as the successful Kukkula-transaction was completed and booked in associated companies in the P&L in Q2. EBIT excluding associated companies’ fair value change was EUR 0.6m versus our EUR 0.8m estimate. The 2023 guidance was reiterated: earnings will be at the same level or slightly better from 2022.
LÄS MER