Aspiro: Investing in growth

Revenues in the first quarter amounted to SEK 71.9 million, up 70 per cent y-o-y, supported by Music’s 177 per cent growth, of which about half was organic growth. The company is launching Music into Germany and other new markets and EBITDA came in at minus SEK 16.1 million. Management has confirmed a rights issue is at hand, and we expect continued strong growth and losses in the years ahead. An investment in Aspiro requires patience and a solid believe in the company’s competitive advantages.