Doro Q1 comment: A real shut up report from Doro

Research Note

2017-04-27

08:46

Q1 EBIT of Doro came in higher than expected at a strong SEK 17 million (expected SEKm 9) despite us missing the sales outcome of SEK 452 million by SEK 28 million due to lower UK and US sales (expected SEKm 480). The earnings error was on the OPEX side as gross margin reached a solid 38 percent, which was our estimate. All in all, the report, in our opinion, was very strong.

VW

Viktor Westman

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