Q1'23 results
ARR SEK 70.1m (+/-0% vs. ABGSCe 70.2m), net sales SEK 15.5m (-5% vs. ABGSCe 16.2m), EBITDA SEK 0.6m (vs. ABGSCe 1.7m), EBIT SEK -3.1m (vs. ABGSCe -1.5m), net profit SEK -3.1m (vs. ABGSCe -1.5m). With respect to ARR, the report was in line with expectations. The migration effect amounted to SEK -1.8m on ARR, meaning that an adjusted ARR would amount to SEK 71.9m. However, sales and EBITDA came in slightly below our estimates, and this deviation is therefore explained mostly by operating leverage.