Anoto Q1 comment: Positive (!) operating cash flow

Research Note

2017-06-01

01:01

Anoto tonight reported a better EBIT than expected of SEK -32 million (Redeye estimate SEKm -35) despite sales of SEK 46 million, SEK 13 million lower than expected. The reason behind the deviation was substantially lower OPEX from the massive cost savings, something we had not entirely expected. However, the gross margin of 35 percent remained weak (expected 43 %) and will require some research on our part.

VW

Viktor Westman

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