Q1 results
OssDsign reported a solid star to the year with Q1 sales of SEK 27m (0% vs ABGSCe SEK 27m, no consensus) and Q1 EBIT of SEK -12m, 10% above (lower loss) vs ABGSCe of -13.3m. The deviation on EBIT was due to higher gross margin and lower opex. Q1 gross margin was 93.7% vs ABGSCe at 92.0%. The core opex items came in marginally lower than expected, but the sales commission level was higher than expected, at SEK --13.2m, equal to 48.9% of sales (ABGSCe 45%).