Tempest Security: A step in the right direction - ABG
Bildkälla: Stockfoto

Tempest Security: A step in the right direction - ABG

Organic sales growth of 13% y-o-y in Q1
Profitability improvement in Security Solutions...
...and there is more to come


Q1: Positive EBITDA again after two challenging quarters

Tempest delivered a promising Q1 report with improved organic sales growth and profitability q-o-q. Sales grew 9% y-o-y, but adjusted for the divestment in Risk Solutions, organic sales growth was 13% y-o-y driven by 16% sales growth in Security Solutions. This was 6% above ABGSCe as sales growth in Security Solutions was stronger than expected. Profitability was also slightly better than anticipated with EBITDA of SEK 1.6m (3.2m); we had SEK 0.3m. The deviation was driven by better profitability in Security Solutions, whereas Risk Solutions was a bit behind our expectations. We argue that progress within Security Solutions is more important long-term since it is the largest business area and has better market conditions.
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