Q1'24 report
Skolon delivered net sales of SEK 23.5m (+26% vs. ABGSCe 18.6m), corresponding to 79% organic growth y-o-y (+34pp vs. ABGSCe 42%), ARPPU of SEK 141 (-1% vs. ABGSCe 143), EBITDA of SEK -1.8m (-0.6m vs. ABGSCe -1.2m). These figures imply a meaningful beat on sales, which appears to be mostly driven by user growth (volume), which was 6% above our expectations, whereas ARPPU was 1% below our expectations.
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