Redeye notes that Smart Eye’s Q2 reflected underlying solid performance, with Smart Eye reaching a key milestone in posting positive EBITDA for the first time in the company’s listed history. Top line figures look weaker than expected at face, coming in 11% short of Redeye’s estimates, almost solely attributed to larger than expected FX effects. Underlying OPEX was much better than expected, leading to the company beating our SEK0m EBITDA estimate by SEK1m. The company reported an EBITDA-CAPEX of SEK-29.7m, slightly lower than our estimate of SEK-25.0m due to higher capitalization than expected.
LÄS MER
