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Ossdsign: Rapid growth, again - SEB

OssDsign reported sales above our expectations, Net sales were SEK 19.9m (0.4% vs. SEBe of SEK 19.9m) corresponding to y/y growth of 117%. Catalyst sales amounted to SEK 7.5m and represented 38% of total revenues. The company had a one-off related to the revaluation of provisions for contingent consideration in the Sirakoss acquisitions, resulting in net interest expenses of SEK 8.9m. Our mid-point equity value is SEK 11 per share.

OssDsign reported sales above our expectations, Net sales were SEK 19.9m (0.4% vs. SEBe of SEK 19.9m) corresponding to y/y growth of 117%. Catalyst sales amounted to SEK 7.5m and represented 38% of total revenues. The company had a one-off related to the revaluation of provisions for contingent consideration in the Sirakoss acquisitions, resulting in net interest expenses of SEK 8.9m. Our mid-point equity value is SEK 11 per share.
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