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Lime Q3: In line with expectations, lower margin - SEB

Lime delivered Q3 numbers largely in line with our expectations where sales came in a tad above but margins a tad below. From the report, we note that the company reiterates its growth ambitions and willingness to invest in recruitment and growing the employee base. Investment willingness gives comfort, but our preliminary take is lowering our margin assumptions in the near-term to reflect its impact.

Lime delivered Q3 numbers largely in line with our expectations where sales came in a tad above but margins a tad below. From the report, we note that the company reiterates its growth ambitions and willingness to invest in recruitment and growing the employee base. Investment willingness gives comfort, but our preliminary take is lowering our margin assumptions in the near-term to reflect its impact.
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