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Lime Q4: In line but slightly higher costs, employee churn normal again - SEB

Lime delivered Q4 figures in line with our expectations with a tad higher cost for an EBITA margin of 26%. The company comments that employee churn is back at normal levels from being elevated earlier in the year. Estimate revisions-wise, we preliminarily expect just a tweaking of our margin assumptions as we have mostly factored in the Q4 dynamics in 2022.

Lime delivered Q4 figures in line with our expectations with a tad higher cost for an EBITA margin of 26%. The company comments that employee churn is back at normal levels from being elevated earlier in the year. Estimate revisions-wise, we preliminarily expect just a tweaking of our margin assumptions as we have mostly factored in the Q4 dynamics in 2022.
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