Mr Green: Q2 preview – on the offense2017-07-14 09:47, Edited at: 2017-07-14 09:54
Mr Green will present their Q2 report on Friday the 21th of July. We expect to see a continued strong revenue uptake following the intensified marketing campaigns. During the quarter Mr Green raised SEK 195m through a public offering of and re-launched their Garbo brand.
As both customers and deposits rose significantly during Q1, we expect to see continued strong revenue uptake during Q2; the marketing is projected to continue at about the same levels as the previous quarter. We estimate income in the region of SEK 278m and EBIT SEK 21m. Compared to Q2’16 we believe the margin will expand due to scale advantage and a bit lower marketing, in relative terms.
During the quarter Mr Green raised SEK 195m through a public offering to a number of Swedish and international institutional investors. The money will be used offensively to finance and enable continued expansion, both organically and through acquisitions. During the period Mr Green also re-launched their Garbo brand. The site now uses the full technical suite of Mr Green’s platform. Garbo has initially been launched in Sweden and will be gradually rolled out to more markets.
Comments regarding the growth trajectory, the public issue, and the Garbo launch will be of interest. The report will be released on Friday the 21th of July.
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