Q2'23 in brief
Q2'23 sales of SEK 11.6m were 10% below our estimates and the cash burn was 7% lower than we anticipated. Sales declined by 6% y-o-y, as volumes declined y-o-y by 14% while FX effects (EUR and GBP) contributed positively. The company's contribution margin turned slightly negative from Q1'23 to Q2'23, as volumes contracted – a consequence of Urb-it's significant operating leverage.
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