Waystream Group reported a strong Q4, with sales increasing 60% y-o-y and gross margin remaining solid at 49%. EBITDA improved to SEK3.8m (Adj. SEK–1.1m Q4 2024), driven by higher volumes, although slightly below our estimates due to higher personnel costs linked to variable compensation. Growth was particularly strong in Sweden following new city network agreements and the partnership with Bahnhof, while Europe also contributed meaningfully. Cash flow was solid, supported by inventory reductions, leaving the company with a strengthened cash position entering 2026.
LÄS MER
