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SENASTE
GIG reported an overall strong Q1 report with media leading the way. Media revenues came in at EUR 14.1m, up 41% increase y-o-y. The Media business surprised with all-time-high FTD intake of 69,800 vs SEBE 65,700. Group EBIT was in line with our estimate at EUR 2.9m (SEBE EUR 2.9m). We raise our mid-point valuation to SEK 30 (SEK 29) per share, following small EBIT estimate changes in 2022-24.
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