Formpipe: Positive quarter with strong EBIT margin

Research Note

2017-02-10

12:09

Formpipe's Q4 report showed sales of 106.7 mSEK, which was in line with our expectations of 106.5 mSEK . The most positive take away form the report is the EBIT margin which came in at 15.8% compared to our estimate 9.1%. This was driven by the first license revenue of 4mSEK related to the agreement with the City of Stockholm, lower activated development costs, lower sales and other costs than we expected. Furthermore, the board proposes a dividend of SEK 0.3 per share.

JS

Johan Svantesson

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