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SENASTE
G5 reports revenue in line with us of SEK 279m, indicating the first quarter of sequential growth (+1% q/q in USD terms) since Q2/21. On the cost side, unexpected items such as SEK 2.2m writedowns and SEK 4.9m in M&A-related legal costs are offset by lower-than-expected user acquisition costs (47m or 17% of sales, we had 53m or 19% of sales). FX-related items support earnings but in line with our expectations, leading to reported EBIT +24% vs our estimates.
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