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Lime Technologies: Optimistic to grow in 2023 - SEB

At SEB's Nordic Seminar, CEO Nils Olsson left a good mark of optimism and faith in the Lime model. Growing profitably or going through downturns is not new for Lime, which has also noted a step-up in new sales in recent months, highlighting strength in our view. While markets are weak, Lime will continue to hire staff including sales people and consultants, while we interpret it as the company having good control on its margin and see the >25% EBITA target as a floor.

At SEB's Nordic Seminar, CEO Nils Olsson left a good mark of optimism and faith in the Lime model. Growing profitably or going through downturns is not new for Lime, which has also noted a step-up in new sales in recent months, highlighting strength in our view. While markets are weak, Lime will continue to hire staff including sales people and consultants, while we interpret it as the company having good control on its margin and see the >25% EBITA target as a floor.
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