Q4 results
Qlosr’s Q4’22 revenue came in at SEK 145.5m (-14% vs ABGSCe SEK 169m), implying a y-o-y total growth rate of 137%. The gross margin amounted to ~55%, which is higher than our estimated 48%. EBITDA was SEK 17.7m (-13% vs ABGSCe SEK 20.3m), corresponding to an EBITDA margin of 12.2%, which is +20bps higher than ABGSCe.
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